On Tuesday morning, EURUSD is keeping its positive momentum and ready to continue its slow growth.
The major currency pair remains positive on Tuesday. It may continue moving upwards as long as investors are ignoring external risks and demand for ”safe haven” assets is reducing. The current quote for the instrument is 1.1210.
There will be few statistics in the afternoon. Germany is scheduled to report on the Factory Orders in March, which is expected to add 1.6% m/m after losing 4.0% m/m in the previous month. The situation in the German economy is so far from being stable that the possible rebound may be hardly considered as positive. However, no bad news is good news.
In the afternoon, the European Commission is going to publish its Economic Forecasts, which may contain expectations on the state of the European Union economy during the Brexit or, for example, opinions on the current state of economies of such countries as Germany, Spain, Italy, and others. As a rule, such documents don’t directly influence the currency market.
In the evening, the USA will report on the Consumer Credit in March, which may improve a little bit. Highly likely, market players won’t pay much attention to the report.
Right now, investors are focused on possible risks relating to the US-China trade talks. Despite all these comments from Trump, China doesn’t talk back and intends to keep the dialogue going on Wednesday. It seems like the USA is going to implement quick increase of import tariffs as one of the way to put pressure on Beijing.