The European Central Bank published its quarterly economic bulletin today and suggests that the expected strong growth in the first quarter of 2017 in the Euro zone.
ECB stimulus has led to tangible improvements in borrowing conditions for the real economy.
The uncertain US policy, Brexit and Chinese rebalancing will keep outlook cloudy.
Recent data have increased confidence that it will continue the expansion and steady economic recovery in the Euro zone. We can see strong growth and momentum in the first quarter.
The message is fairly optimistic, but markets remained cautious as elections in France just a month and given the recent terrorist attack in London, Le Pen could again win at the polls. EURUSD remains the nearest support around 1.078.
Source: Bloomberg
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