The neutral macroeconomic statistics | 04 يناير 2021

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.