Good Eurozone data slightly supported the Euro, but more importa
Good Eurozone data slightly supported the Euro, but more importantly...
Good data for Germany and later for the Eurozone moved the market during the morning European session.
The data helped the Euro take a 50-pips lead against the Dollar, but that lead later narrowed to around 25 pips. Investors tend to use data from the United States instead of the Eurozone, so they await today's important data on the S&P Global Manufacturing PMI for April and the S&P Global Services PMI also for April. In general, World-Signals.com expects a stop in the growth of the Dollar at the levels of 1.06 (EURUSD) and a smooth movement upwards to 1.08 in the coming days.
Good data for Germany and later for the Eurozone moved the market during the morning European session.
The data helped the Euro take a 50-pips lead against the Dollar, but that lead later narrowed to around 25 pips. Investors tend to use data from the United States instead of the Eurozone, so they await today's important data on the S&P Global Manufacturing PMI for April and the S&P Global Services PMI also for April. In general, World-Signals.com expects a stop in the growth of the Dollar at the levels of 1.06 (EURUSD) and a smooth movement upwards to 1.08 in the coming days.