The neutral macroeconomic statistics | 04 January 2021

04 January 2021, EUR/USD

EURUSD trading plan:

China's factory activity expanded in December as hot export demand fueled a recovery in the world's second-largest economy from the coronavirus slump, although higher labour and transport costs slowed the pace of growth. The official manufacturing Purchasing Managers Index fell to 51.9 in December from 52.1 in November. China's vast industrial sector has staged an impressive recovery from the coronavirus shock thanks to surprisingly strong exports. The economy is expected to expand around 2% for the full year - the weakest pace in over three decades but much stronger than other major economies still struggling to contain infections. This is a neutral macroeconomic statistics for the euro.

Investment idea: range 1.2210 -1.2300.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus