Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The Flash Manufacturing PMI: German Impact on EUR
Information is not investment advice
What will happen?
The German Flash Manufacturing PMI will come out on Friday, July 22, at 10:30 MT time (GMT+3).
It's a leading indicator of economic health because businesses react quickly to market conditions, and their purchasing managers hold the most current and relevant insight into the company's view of the economy.
Last time, the actual numbers were lower than expected. As a result, EURUSD lost more than 815 points. If you traded one lot, you could have earned over $815.
How to trade on the German Flash Manufacturing PMI?
- If the actual number is higher than the expectations, the EUR will likely strengthen against other currencies.
- If the actual number is lower than the expectations, the EUR will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, EURGBP, EURJPY.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile.
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!