Prospects for the rest of the year look poor | 08 6月 2023

08 6月 2023, EUR/USD

Prospects for the rest of the year look poor

EURUSD trading plan:

German industrial output rose less than expected in April, darkening the outlook for the euro zone's largest economy following weak new orders data earlier this week. Activity in the construction sector increased 2% on the month and the manufacture of pharmaceutical products rose 6.4%, while the production of automotives dropped 0.8%. The statistics office revised up the industrial production figure for March to a 2.1% decrease from a provisional figure of a 3.4% fall. Even with this revision, German industrial production is 1.6% below its level a year earlier. The boost that German industry got from easing global supply problems and lower gas prices at the beginning of this year seems to be exhausted and output is likely to be increasingly constrained by weak demand as the backlog of work dwindles and new orders fall.

Investment idea: range 1.0666 -1.0755.

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