How bad is the outlook for the EUR?

How bad is the outlook for the EUR?

European Flash Manufacturing PMI will be announced on Tuesday at 11:00 MT time.

Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY, EUR/CAD 

Since January 2019, the Manufacturing PMI for the Eurozone has been below 50. That means, all along this period the industry in Europe has been contracting. However, in September, the dynamic has changed from a gradual decline to an upward curve, and in February the indicator rose to 49.2. 

Lamentably, that was when the virus started making its way into Europe. Now, we are going to see how the industrial situation changed during the month, and how some 5000 purchasing managers see the future of the market. Obviously, there will be downward revision due to the virus-related production shutdowns, so the question will be not whether the indicator comes positive or negative in relation to the 50 point mark. Rather, the question is whether the market expectations will be aligned with what industry managers think, or they see it much worse. In the latter scenario, the EUR will lose value.

  • If the indicator is worse than the forecast, the EUR will fall;
  • If the indicator is higher than the expectations, the EUR will rise.

Check the economic calendar

EUR1.jpg

                                                                                           LOG IN

Similar

Inflation Risks Return To The Markets
Inflation Risks Return To The Markets

Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!

Markets ahead of the CPI Release
Markets ahead of the CPI Release

Good Wednesday, dear traders! Let’s look at the main news ahead of the main event that will shake the markets: the release of US CPI at 15:30 GMT+3!

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera