The Euro continues recovering. Overview for 06.05.2019
The major currency pair is being corrected after rather stressful trading session last Friday.
EURUSD is still recovering and keeping its correctional impulse. The current quote for the instrument is 1.1190.
Today’s a holiday in the United Kingdom and Japan.
The Euro Area along with some European countries, such as Germany, France, Italy, and Spain, will publish the Services PMI in April. As a rule, this is a minor report, that’s why one should expect any serious response to it, at least today.
A bit later, the Euro Area is going to report on the Sentix Investor Confidence in May, which is expected to recover by 1.1 points after losing 0.3 points before. If the indicator value falls below zero, it shows more pessimistic confidence and vice versa.
In addition to that, the Euro Area will publish the Retail Sales in March. Market expectations are quite negative, -0.1% m/m, against the previous reading of +0.4% m/m. The last time the indicator moved downwards was in December 2018; it is a negative signal for the European currency.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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