China shows a slowdown in the economy in April. On all fronts are the data on production, retail sales and investment. Against this background, it is especially unpleasant for China given Trump’s increase in duties on Chinese goods from May 10 and the threat of new duties from June 1.
The second important news: the German economy returned to growth in the first quarter of 2019, despite the reduced production which was due to the growth of trade, construction, and investment.
Markets are choosing new directions.
EUR / USD pair: Buy from 1.1270; Sell from 1.1130.