Mountain Tech Analysis

The euro has seen its optimism wane due to negative data today and the positive data coming from the US.

The german factory orders plunged by 4.2% after its estimate of 0.3% failed to eventuate. The euro is trading at 12.09 from its high of the London session opening of 12.50.News oulets have reported growing optimism in the US-China trade talks with an estimated 90% completion rate. Whilst the chinese manufacturing PMI is posting a 14 month high, the german factory orders posted a 4 month in a row of contractory results.The german export oriented economy has been hit badly by the US-China trade war.