EUR is on fire, while USD touches dips
A lot of news came out that may impact the market. It’s surely not the time to rely only on technical analysis!
All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD
There are two versions of the PMI report: Flash and Final. Flash is the earliest one and thus tends to have more impact. If this indicator comes above 50.0, it signals the industry expansion, below – contraction. Besides, on Friday French and German PMIs will be released. Since Germany has the largest economy in Europe, it will be closely watched by investors as well. New coronavirus cases are steadily rising in the Eurozone and in some parts the numbers have even reached fresh records. That’s why countries may impose new restrictions, which will dampen economic activity and slow down the recovery.
- If PMI is greater than the forecast, the EUR will surge.
- Otherwise – fall.
Similar
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Starting winter with optimism
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Latest news
WTI oil: rise and shine?
The oil price looks optimistic. What are the reasons?
The NFP Friday is coming!
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
Strong EUR vs weak USD
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
Deposit with your local payment systems
