EUR in Focus

 Posted by at 11:49 AM  FX Market
Feb 212020
 

A bunch of data is coming out of EU later this afternoon 1615H to 1700H (+8GMT). Which of these do we follow?

1615H France
– Services PMI 51.4
– Manufacturing PMI 50.8
1630H Germany
– Manufacturing PMI 44.8
– Services PMI 53.9
1700H EU
– Manufacturing PMI 47.4
– Services PMI 52.4

I believe the significant moves will come on Germany’s data because Germany is the largest economy within the EU. So don’t get too excited at 1615H.

How do we trade this later? If EUR goes up, short it against USD. If EUR goes down, buy it against AUD or NZD.

Take away should be a good 0.30-0.50%

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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