The Euro remains “in the black”. Overview for 08.05.2019
EURUSD continues growing steadily; investors are not ready for active movements.
The major currency pair remains “in the black” on Wednesday afternoon. The current quote for the instrument is 1.1204.
Market players aren’t really worried by possible complications in US-China trade talks and introduction of new import tariffs on Chinese goods. The talks may resume quite soon, so everyone is just waiting.
In the morning, Germany reported on the Industrial Production in March, which added 0.5% m/m after losing the same number in February. This is a very good signal in contrast to other statistics from Germany, which have been pretty awful recently. The indicator continues the momentum it started last month after 4 consecutive months of decline.
In the afternoon, the European Central Bank will publish the Monetary Policy Meeting Accounts, but it’s highly unlikely that investors will find something that they didn’t know before.
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