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  • February ‘flash’ PMI signals modest growth of German economy despite slump in exports

    From markiteconomics.com

    ‘Flash’ PMI ® survey data from IHS Markit indicated a modest expansion of German private sector business activity in February, with the rate of growth little-changed from that recorded at the start of the year. Notably, the manufacturing sector moved closer to stabilisation, with survey data indicating slower falls in output, new orders and employment. This was despite reports from goods producers of a slump in both exports and sentiment, linked to the impact of the coronavirus on activity in China and the wider region. The Flash Germany Composite Output Index – which tracks the combined change in activity ... (full story)

Modest? Manufacturing back to highest numbers in the past 12 months.
Service is limited by corona virus
EU production numbers likely to improve as China completely shuts down.

Inflation may return with a vengeance as a result.
Quoting smctrader
EU production numbers likely to improve as China completely shuts down. Inflation may return with a vengeance as a result.
Are you kidding? Without chinese parts it will all shutdown too!
euro correction soon
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Quoting OnlineAddict
Modest? Manufacturing back to highest numbers in the past 12 months.
Needs to go above 50 before you break the champagne mate, I wouldn't get to excited just yet ;-)
Euro is going up! What do you think guys?
Quoting elanjaelani
euro is going up! What do you think guys?
some support bro.euro needs trade deal with uk and support monetary policy.
Quoting elanjaelani
Euro is going up! What do you think guys?
Do you base your trades based on what "guys think" here? Then you better quit immediately.
Quoting OnlineAddict
{quote} Do you base your trades based on what "guys think" here? Then you better quit immediately.
So what is ure opinion here , Do we buy !!!!!!!!
Quoting Ghass1234
{quote} So what is ure opinion here , Do we buy !!!!!!!!
No
Quoting mtruefx
{quote} No
You are welcome
Quoting mtruefx
{quote} You are welcome
I think good buy now for eur 1.08 to 1.0850
Quoting Ghass1234
{quote} I think good buy now for eur 1.08 to 1.0850
You might be right, but nothing.. absolutely nothing is telling me to buy here
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 78 KB
Quoting mtruefx
{quote} You might be right, but nothing.. absolutely nothing is telling me to buy here {image}
Do u see how the down was long . 300 pip . Technically selling is done for now . Oversold . A correction should happen . Plus the euro data is not bad which might help . Plus trump will jump soon to tell the dollar is strong
Quoting Ghass1234
{quote} Do u see how the down was long . 300 pip . Technically selling is done for now . Oversold . A correction should happen . Plus the euro data is not bad which might help . Plus trump will jump soon to tell the dollar is strong
No need to convince us. I normally don't trade that pair but I looked at it quickly. I see nothing to buy into (don't use oversold indicators). You may be right. Only time will tell. But you are betting that a relatively strong trend stops because the indicator says oversold. I would not do that. Instead I would look for a retracement to the 1.1 area (now that quite away) and then sell it again.
Quoting Banditten
{quote} No need to convince us. I normally don't trade that pair but I looked at it quickly. I see nothing to buy into (don't use oversold indicators). You may be right. Only time will tell. But you are betting that a relatively strong trend stops because the indicator says oversold. I would not do that. Instead I would look for a retracement to the 1.1 area (now that quite away) and then sell it again.
Yes exactly, taking a buy just because you are thinking it is oversold would be trading in the blind. There is no such thing as oversold or overbought - it only exist in the retail mind... You might win on a buy this time, but this kind of thinking will not make you profitable in the long run (in my humble opinion).
Quoting mtruefx
{quote} Yes exactly, taking a buy just because you are thinking it is oversold would be trading in the blind. There is no such thing as oversold or overbought - it only exist in the retail mind... You might win on a buy this time, but this kind of thinking will not make you profitable in the long run (in my humble opinion).
sell usd $ now
That may be. But that has nothing to do with an oscillator being oversold or overbought. But I will give you this one temporarily (:
Quoting frontier
{quote} Are you kidding? Without chinese parts it will all shutdown too!
EU is not USA. A lot of the components that are fed into the German industrial machine come from East Europe and Turkey.
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