EUR / USD pair
On Monday, the markets of key exchange countries were closed due to the holiday, and the economic calendar was empty. But investors will not necessarily lose interest as the Italian parties agreed on a new prime minister, Giuseppe Conte, who became a member of the 5-star party, a student and a graduate student of seven European universities specializing in jurisprudence and culture. The Italian press informs him that Conti has no "concept of politics." Truly, the situation is complicated by the fact that the "League of the North", like the "5 stars", intends to increase government spending. Another important event was the end of the tariff war between the U.S. and China. Instead of a war of war, the parties agreed to expand trade. Of course, first of all, China pledged to increase purchases of American goods. As a result, the euro grew by 20 points, and the stock market (S&P500) grew by 0.74%.
Today the situation promises to be stable. At 10.00 London time, the monthly economic report of the German Central Bank will be published, which is unlikely to seriously interest investors; At 14.00 London time the index of business activity in the manufacturing sector of Richmond for May with the forecast of 9 points against -3 in April. The EU's confrontation with the US on the issue of sanctions against Iran comes to the fore. The EU is prepared to apply a blocking law of 1996, which prohibits European companies from complying with U.S. sanctions to protect their economic interests.
We are waiting for further reduction of the euro to 1.1670 and further to 1.1600.
