FX.co ★ European Economic News Preview: Germany GfK Consumer Confidence Due

On Tuesday, several key economic updates are expected from European nations, with a focus on consumer confidence surveys from Germany and France.

At 2:00 am ET, Germany's GfK market research group will publish their consumer confidence survey outcomes. It's projected that the sentiment index for March will show an improvement, with a forecasted increase to -29.0, up from the previous month's score of -29.7.

Meanwhile, data revealing figures surrounding household lending in Sweden are also due. Then, at 2:45 am ET, France's INSEE statistical office will announce data from their consumer sentiment survey. According to economists' predictions, the consumer sentiment index for France is expected to climb to 92 in February, up from 91 in January.

At 4:00 am ET, the European Central Bank (ECB) is scheduled to release the monetary aggregates for January. M3 (the broad monetary aggregate), which encompasses physical currency in circulation, and other types of money, is predicted to reflect an annual growth rate of 0.3 percent, marking an increase from the 0.1 percent rise witnessed in December.

Finally, at 8:00 am ET, the Hungarian central bank will unveil its latest monetary policy with an expectation for a significant reduction in its key interest rate. Economists are anticipating a cut of 100 basis points, bringing the rate down to 9.00 percent.