Capital inflows to emerging markets | 26 March 2019

26 March 2019, EUR/USD

Capital inflows to emerging markets

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.

David Johnson
Analyst of «FreshForex» company
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