A very turbulent day is waiting for us ahead. Especially for those, who prefers trading EUR/USD on a daily basis. Even though last week we were really enjoying ourselves with the growth that was provided to us by euro, today everything can change. Today the situation may turn around very quickly due to the sheer volume of information we are going to receive on EUR today.
Here is what is waiting for the couple during the day:
And, as you can understand German Flash Manufacturing PMI as well as German Flash Services PMI are of the biggest interest to us here. German economic data have been the very cause for all our suffering as of late.
Well, one can say that.
Well, one of the causes for our suffering, anyway.
Germany has not been on its best performance lately. Every issue of German economic data has been very bad for euro and for our trading, but, can it change now that we have come to the end of trade war and nothing is threatening Germany with tariffs, or will it get worse now that Trump has to look for the new victim of his trade tariffs? Well, assuming, of course, that he is going to remain in a presidential seat long enough to impose new tariffs. That we will wait for. Just like economic data from two biggest economies of Europe. Let’s hope that euro is going to extend the gain that were so perfectly displayed last week!
If there is going to be a breakout in either direction, your trading signals are the best way to catch it.