ByJin Dao Tai
MAY 21, 2021
Overall, EUR/JPY is trending upwards.
The French flash PMI data will be released later at 1515 (SGT).
- French Flash Manufacturing PMI (Forecast: 58.6, Previous: 58.9 revised from 59.2)
- French Flash Service PMI (Forecast: 53.0, Previous: 50.3 revised from 50.4)
The German Flash PMI data will be released later at 1530 (SGT).
- German Flash Manufacturing PMI (Forecast: 66.0, Previous: 66.2 revised from 66.4)
- German Flash Services PMI (Forecast: 52.0, Previous: 49.9 revised from 50.1)
The eurozone flash PMI data will be released later at 1600 (SGT).
- Flash Manufacturing PMI (Forecast: 62.5, Previous: 62.9 revised from 63.3)
- Flash Services PMI (Forecast: 52.5, Previous: 50.5 revised from 50.3)
European Central Bank President Lagarde will be speaking later at 1900 (SGT). During this time, there may be volatility in EUR.
The eurozone Consumer Confidence data (Forecast: -7, Previous: -8) will be released later at 2200 (SGT).
Currently, EUR/JPY is bouncing off the support zone of 132.800 and the next resistance zone is at 134.300.
Look for buying opportunities of EUR/JPY.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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