
Euro Forecast: Can July’s PMI Improvement Survive into August?
The Eurozone Manufacturing PMI is seen edging up to around 52.0, while Services PMI is expected to slip slightly to 51.5 - what could it do to EUR/USD?
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The Eurozone Manufacturing PMI is seen edging up to around 52.0, while Services PMI is expected to slip slightly to 51.5 - what could it do to EUR/USD?
Today's release of the S&P Global US Manufacturing PMI (Jul) & S&P Global Services PMI (Jul) may influence the EUR/USD exchange rate.
EURUSD Forecast: Can the positive momentum above 1.07 proceed through PMI day?
The Purchasing Managers’ Index is a popular formula to measure the monthly economic change in a country’s manufacturing sector. Traders can use it as a leading indicator to foresee economic developments.
There were some downside surprises with French and UK services, and German manufacturing, all disappointing expectations
Economic activity remains rooted deeply in negative territory, due to the soaring cost of living, rising interest rates and elevated levels of uncertainty.
Poor PMI data underscore the challenges central banks face at a time when inflation remains very high
Poor PMI data underscore the challenges central banks face at a time when inflation remains very high
With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point.
Another day, another bullet dodged by the troubled Property Developer Evergrande. With a slight risk-on tone, focus now shifts to Flash PMI data for Europe and the US.
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