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Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time. These indicators represent indexes based on the surveys of purchasing managers from a particular industry. Combined, they provide a big boost in the volatility of the EUR during the early hours of the European trading session.
The indicators provide a broad view of businesses' thoughts on current economic conditions. If an index is above 50, it indicates an expansion of an industry. Vice versa, if an index lower than 50, the industry is contracting. Additionally to these measures, we compare the actual data with analytical forecasts.
Instruments to trade: EUR/USD, EUR/GBP, EUR/CHF
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.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
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