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Events today:

17:00 MSK. US: ISM manufacturing index for May.


euro dollar exchange rate forex forecast for EURUSD 03.06.2019
 

The main event of the day today, the output of the industrial ISM index report. This index has a close correlation with the index of Manufacturing PMI Markit, which in May fell to a minimum for the last three years. Against this background, we can expect the release of weak data, which has a negative impact on the US currency. The negative statistics from the US increases the likelihood of the Fed's two-fold reduction in interest rates in the second half of the year - for the dollar is a bad signal!


EUR/USD recommendation: Buy 1.1158 / 1.1140, and take profit 1.1214.

 

 

Views: 129 | Added by: mik | Date: 03.06.2019 | Comments (0)

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