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Once in a month, the euro has a very special day of increased volatility at the start of the European trading session. This is the time when France, Germany, and the Eurozone await the Services and Manufacturing PMIs. The releases come out from 10:15 to 11:00 MT time. These indicators are based on a survey of purchasing managers in services and manufacturing industries. If an indicator is higher than 50, it indicates an expansion of an industry, while an indicator below 50 shows contraction.
Trading on PMI releases is easy! Check the economic calendar for forecasts, and follow the steps below:
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
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