Bumps on the road and more evidence of the economic damage may weigh on the EUR/USD pair, in the opinion of FXStreet’s analyst Yohay Elam. Key quotes “The Bank of France reported that retail sales plunged by 24% in March and 7.2% in the first quarter. While supermarket sales are up, the rest of the economy is struggling.” “The US publishes consumption figures later in the day and they are also set to be depressing, potentially weighing on the market mood.” “The IMF published forecasts including a 3% squeeze for the global economy in 2020.” “Later in the day, we will hear from the Fed via its Beige Book. The report includes evidence from the Fed’s regions and serves as a guide toward the bank’s decision in two weeks. It may also paint a depressing picture.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Iraqi Oil Minister: Kurdistan region must reduce output in line with the OPEC+ pact FX Street 2 years Bumps on the road and more evidence of the economic damage may weigh on the EUR/USD pair, in the opinion of FXStreet’s analyst Yohay Elam. Key quotes “The Bank of France reported that retail sales plunged by 24% in March and 7.2% in the first quarter. While supermarket sales are up, the rest of the economy is struggling.” “The US publishes consumption figures later in the day and they are also set to be depressing, potentially weighing on the market mood.” “The IMF published forecasts including a 3% squeeze for the global economy in 2020.” “Later in the day, we… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
