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EUR/USD Forecast July 22-26
EUR/USD remained stable, ignoring some euro-zone issues and enjoying some dollar weakness. Flash Manufacturing and Services PMIs and German Ifo Business Climate are the main events on our calendar. Here is an outlook on the important events to watch and an updated technical analysis for EUR/USD. German ZEW dropped 2.2 points to 36.3, missing economists’ expectations. Weak German industrial production and foreign trade contributed to this fall. Furthermore, trouble from the east threaten to jeopardize Germany’s economic recovery; The slowdown in China, can hinder Germany’s growth prospects for the coming months. ... (full story)
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