Capital inflows to emerging markets | 26 Marzo 2019
26 Marzo 2019, EUR/USD
EURUSD trading plan:
The Munich-based IFO economic institute said its business climate index, based on a monthly survey of companies, edged forward to 99.6 from 98.5 in February. The German economy is showing resilience. IFO recorded growth of industrial orders. This is a good signal for traders! Capital inflows to emerging markets will have a positive impact on the value of the Euro. Currencies of Brazil, Russia, Mexico, South Africa, China demonstrate strength - investors are actively buying assets of emerging markets. This is a positive signal for the Euro!
Trading recommendation: Buy 1.1300 and take profit 1.1355.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
