Negative macroeconomic statistics from Germany | 04 January 2022

04 January 2022, EUR/USD

Negative macroeconomic statistics from Germany

EURUSD trading plan:

Supply bottlenecks held back German manufacturing activity in December. IHS Markit's Final Purchasing Managers' Index for manufacturing, which accounts for about a fifth of the economy, was unchanged at 57.4, slightly lower than a flash reading of 57.9. The outlook for factories in Europe's biggest economy has been clouded by shortages of semiconductors and raw materials, affecting the German auto industry in particular. The shortages, coupled with rising energy prices, have forced manufacturers to pass the added costs on to consumers, raising fears of an inflation spiral that dampens both consumption and growth.

Investment idea: sell 1.1330 and take profit 1.1272.

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