We prepared an outlook of major events of this week. Check it and be ready!
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.
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A new trading week is coming…
News is always important part of the market. What do we expect today?