Negative macroeconomic statistics from Germany | 03 11月 2022

03 11月 2022, EUR/USD

Negative macroeconomic statistics from Germany

EURUSD trading plan:

The downturn in Germany's manufacturing sector gathered pace in October as output and new orders slumped, marking a weak start to the fourth quarter that shows no sign of letting up, a fresh surveyed showed. S&P Global final Purchasing Managers' Index for manufacturing, which accounts for about a fifth of Germany's economy, fell to 45.1, its lowest since May 2020 and down from 47.8 in September. "Manufacturers are gravely concerned about the outlook for the next 12 months, with expectations having fallen to their lowest since the initial COVID wave," he added. An index on new orders dropped to 34.5 from 39.1 amid growing concerns about the economic outlook and high energy costs.

Investment idea: sell 0.9860 and take profit 0.9790.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus