Market Recap – EU’s green deal

One day before the official signing of the US-China phase 1 trade deal, the USA lifted its “currency manipulator label” against China.

USDCNY

Today, the European Commission is expected to unveil its financial plan that would support the shift to green, net-zero CO2 economy. The more ambitious the plan, the more it could support long EUR positions during the day.

Macro releases: Yesterday’s UK macro releases were disappointing, as it has been forecasted in our older posts sending GBP lower. Later today, the economic calendar includes US inflation (CPI and core CPI readings). 

Disclaimer

The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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