SMM7 March 24: today, focus on the EU Economic and Financial Affairs Commission meeting to discuss the budget and economic stimulus package.
On the data side, Germany's July Markit manufacturing PMI initial value, the euro zone July Markit manufacturing PMI initial value.
The initial PMI of Markit manufacturing in the United States in July is a leading indicator of the state of the economy, as companies can respond quickly to the market environment. By observing the changes in such data, foreign exchange investors judge the outlook of the US economy, which in turn affects the trend of the foreign exchange market.
The total annualized sales of new homes in the United States after the quarterly adjustment in June is a leading indicator of the health of the economy, as home sales trigger a wide range of effects. For example, home buyers buy furniture and electrical appliances, financial banks sell mortgage certificates, and intermediary fees.
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