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Forex Weekly Outlook Feb. 15-19 – Markets keep eye on Covid, US stimulus

Covid-19 continues to weigh on the major economies, with the vaccine rollouts slowly gathering steam. The financial markets are monitoring the US stimulus plans as it winds its way through Congress.
This week’s highlights include Eurozone GDP and UK inflation reports.
Inflation was a bright spot in the eurozone, as German CPI rose from 0.3% to 0.8% in January. Germany’s Whole Price Index (WPI) jumped to 2.1%, up sharply from 0.6%.
British GDP reports were stronger than expected. The economy grew by 1.0% in Q4, better than the estimate of 0.5%. The monthly GDP rose 1.2%, beating the estimate of 1.0%. Still, the economy contracted by 9.9% in 2020, the sharpest annual contraction on record. ....

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India's WPI inflation rises to 2.03% in January – highest in 11 months

India’s WPI inflation rises to 2.03% in January – highest in 11 months
The WPI inflation figure for January 2020 was 3.52%.
Representative image: Vendors wait for customers at their respective shops at a retail market in Kolkata.
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Reuters
The wholesale price-based inflation rose to a 11-month-high at 2.03% in January this year, as compared to 1.22% in December, showed data released by the government on Monday. This was mainly due to an increase in the prices of manufactured goods. The WPI inflation, an indicator of prices in the wholesale market, for January 2020 was 3.52%.
The rate of inflation based on WPI Food Index decreased from 0.92% in December to -0.26% in January. For manufactured products, the inflation rose to 5.13% in January, as compared to 4.24% in December. ....

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EUR/USD Forecast Feb. 15-19 - Euro punches above 1.21

EUR/USD gained 0.59% last week, erasing most of the losses from the previous week. There are five events on the calendar this week. Here is an outlook at ....

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