If you are still reading after all the info in the headline :-D
Forecasts via Danske Bank
The bank highlights for the coming week:
- Thursday's May flash PMIs
- We look for a slightly bigger rebound in the Eurozone manufacturing PMI than consensus
- … should break the negative trend seen since last summer of EUR/USD plummeting on disappointing flash Eurozone PMIs
Further out:
- US-China trade deal is not in the cards before late Q3
- recovery in Chinese PMIs not due before Q4
- These are important prerequisites for a sustained uptick in EUR/USD
