Calendar and fundamental analysis EUR / USD: What should we expect with a brighter calendar than yesterday ? :


The economic calendar of this Tuesday 05 September will be quite lively, with several major statistics likely to impact the Forex.

09h55: This morning, we will follow the PMI services index of August in Germany, expected as before at 53.4.

10am: Immediately afterwards, we will follow the services PMI and the Markit composite PMI of the euro zone, expected respectively unchanged at 54.9 and 55.8 as before.

11 am: Still in the euro zone, retail sales are expected to fall to -0.2% m / m and 2.5% y / y after 0.5% m / m and 3.1% y / y the previous month.

4 pm: On the US side, we will have orders for the industry in July, where the consensus is expected to fall to -3.2% after 3.0% the previous month.

19:10: Finally, we will pay attention to the speech of Kashkari, member of the FOMC.

Fundamental analysis EUR / USD

The EUR / USD pair had a particularly quiet session yesterday in an empty schedule, and is currently at 1.1903. The economic calendar of this Tuesday 05 September will be quite lively, with PMI services in the Euro zone at 10am, retail sales of the euro zone at 11am, and orders to US industry at 16h.
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