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Since Donald Trump was elected as the new US President on the 8th of November, the dollar has surged against a basket of currencies.

We see several risks on the horizon for the Euro. Data out of the Euro zone is painting a bleak picture of stagnation and deflation. On Thursday 18th, the ECB’s president Mario Draghi will make a statement to European leaders.

Several factors are unsettling the market. Firstly, data released last week suggests that the slowdown in Asia, especially in China is worse than feared.

Remarkable strength in the US economy and labor market has increased the chances of interest rate rises in the U.S next year. Next Thursday we will see the US retail sales report, and this will give insight into the all-important November consumer spending data.

The week ahead could prove significant for currency traders as an important batch of data releases and policy announcements are due to take place.

German GDP figures released this morning showed the economy grew by just 0.1%in the 3rd Quarter. Another negative quarter would have technically tipped the German economy into recession.