Negative macroeconomic statistics from Germany | 03 Noviembre 2022

03 Noviembre 2022, EUR/USD

Negative macroeconomic statistics from Germany

EURUSD trading plan:

The downturn in Germany's manufacturing sector gathered pace in October as output and new orders slumped, marking a weak start to the fourth quarter that shows no sign of letting up, a fresh surveyed showed. S&P Global final Purchasing Managers' Index for manufacturing, which accounts for about a fifth of Germany's economy, fell to 45.1, its lowest since May 2020 and down from 47.8 in September. "Manufacturers are gravely concerned about the outlook for the next 12 months, with expectations having fallen to their lowest since the initial COVID wave," he added. An index on new orders dropped to 34.5 from 39.1 amid growing concerns about the economic outlook and high energy costs.

Investment idea: sell 0.9860 and take profit 0.9790.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus