Economists anticipate that the German economy contracted in the second-quarter, on a quarterly as well as annualized basis. What impact will this have on the Eurozone GDP report which will be released today as well? Eurozone industrial production is also expected to post a sharp contraction. The EURUSD rallied off of its support area, can the rally extend as the negative data is already priced in with several economists calling for a German recession in the third-quarter? Subscribe to the PaxForex Daily Fundamental Analysis and allow our expert analysts to guide you to over 5,000 pips in monthly profits!

US President Trump announced yesterday that he will delay part of his planned tariffs until December 15th 2019 while removing some items from the list. He cited concerns over the US Christmas shopping season as the reason for his change. This will provide a boost to China and shows the US consumer dependence on China. Forex traders will receive the US Import & Export Price Index which is favored to show a contraction across the board. The DOE inventory data is expected to move the oil market. Will the US Dollar face a sell-off as forex traders start to rotate out of the US currency? How will this impact the EURUSD, the most liquid currency pair? This mornings fundamental analysis will cover price action in both directions.