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European Services and Manufacturing PMIs are published on May 21, 11:00 GMT+3.
Although not the primary set of indicators, these economic indices are first-hand information about the core of the European economy. PMIs are normally broken down in two sections in correspondence with two distinctive market sectors: the first is Services, and the second is Manufacturing that corresponds to the production of tangible goods.
Technically, both Services and Manufacturing PMIs work similarly to most other economic indices with relation to the market: if the actual data is better than forecasts, the national currency rises. Otherwise, a dull report puts pressure on the currency and may cause a plunge.
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD, EUR/AUD
Source: tradingeconomics.com
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
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