The barometer plunged into negative territory | 09 May 2023

09 May 2023, EUR/USD

EURUSD trading plan:

Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a fresh survey showed. Sentix index for the euro zone fell to -13.1 points for May from -8.7 in April. The euro zone economy had been recovering in recent months, driven by robust demand for services, and a host of agencies from the IMF to the ECB have upgraded their forecasts for the bloc. But recent weakness, especially in manufacturing, is casting a shadow over this recovery, especially as rapid inflation is eating into households' purchasing power.

Investment idea: sell 1.1070 and take profit 1.1000.

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