Important upcoming events and publications

Important upcoming events and publications for February 4 (GMT):

10:00 Eurozone Producer price index rarely causes a big surge of EUR volatility. Nevertheless, PPI is a reliable inflationary indicator. The index is expected to fall by 0.7%, developing a marked inflation deceleration in the region. A sharper decline may cause pressure on a single currency.

15:00 U.S. Factory Orders may disrupt the quiet USD trading process amid the lack of other news. It is expected a 0.3% increase. Sharper growth is often seen as a sign of economic strength and can support the dollar.

See the detailed Economic calendar here