Good and bad news for the euro | 05 Mei 2020

05 Mei 2020, EUR/USD

Good and bad news for the euro

EURUSD trading plan:

Good and bad news for the euro. German factory output shrank at the fastest rate on record in April and firms in the export-oriented sector cut jobs at the fastest pace in almost 11 years. "Output nosedived as large numbers of manufacturers either temporarily closed factories or cut working hours amid a collapse in export demand across Europe and the United States, and mounting supply chain challenges," said Phil Smith, principle economist at IHS Markit. A positive signal for the Euro is a bullish rally in the commodity market. Investors are increasing long positions in the precious metals and energy markets.

Trading recommendation: range 1.0870 -1.0960.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.