Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How will the PMIs affect the EUR?
Information is not investment advice
What will happen?
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.
How to trade the PMIs?
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.
- If actual figures exceed expectations, EUR may rise;
- If the actual PMIs are lower than the forecasts, the EUR may drop.
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD, EUR/AUD
Source: tradingeconomics.com
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
