Eurozone monthly inflations hit 0.3% versus -0.5% a month ago. EURUSD is rising. JPMorgan and Citibank expect the EURUSD to reach 1.00 in the middle term. Read the full report to learn more!
All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD
There are two versions of the PMI report: Flash and Final. Flash is the earliest one and thus tends to have more impact. If this indicator comes above 50.0, it signals the industry expansion, below – contraction. Besides, on Friday French and German PMIs will be released. Since Germany has the largest economy in Europe, it will be closely watched by investors as well. New coronavirus cases are steadily rising in the Eurozone and in some parts the numbers have even reached fresh records. That’s why countries may impose new restrictions, which will dampen economic activity and slow down the recovery.
- If PMI is greater than the forecast, the EUR will surge.
- Otherwise – fall.
Gold and oil prices jumped. Fundamental factors are more important than technical ones right now. Let's go through the most exciting news for the week.
International Monetary Fund increased global inflation growth forecast to 5.85% from 5.2% in 2024. Read the full report and learn how it may affect the EURUSD.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!