A week of important news.
On Monday, a report on the ISM industrial index of the United States for July will be released. On Wednesday, the ISM services sector and employment report from ADP. On Friday, the official employment report - nonfarm.
Probably, the data will show a slowdown in the US economy again, it will play against the dollar.
At the G20 summit, an important event took place: Trump and Xi Jinping agreed to stop the trade war and start negotiations on trade (resume). At this time, Trump pledged not to raise duties on goods from China and not to increase pressure on companies such as Huawei. Trump said that China, in response to this, will increase the purchase of agricultural products in the United States. This is positive for the markets.
We believe that the pullback of the euro on Monday morning is corrective, and the growth will continue later.
Keep purchases from 1.1250.
