1.07 Is Key Support Level for EUR/USD, Says Gkionakis

The video discusses the current state of the currency market, highlighting the impact of low conviction among traders and the influence of China's economic data on global growth expectations. It examines the correlation between the euro dollar and US growth expectations, noting the resilience of US data and the potential for higher bond yields. The divergence between manufacturing and services data is analyzed, with a focus on bottlenecks in German production. The video also explores stagflationary pressures affecting the Euro dollar and industrial production, particularly due to the shortage of Ukrainian truck drivers.

What challenges are German car manufacturers facing in production?

What could potentially cause a breakout in the current economic range?