Euro reacts to bad PMIs

Source: Dukascopy Bank SA


During the morning hours of Monday, S&P Global published one by one the results of the Manufacturing and Services sector Purchasing Managers Indices for European Union countries. In general, the survey results are worse than the markets expected.

The gradual data releases caused a 76 point or -0.68% decline of the Euro against the US Dollar.

French Flash Manufacturing PMI was 44.0 instead of 44.3. French Flash Services PMI showed a reading of 48.3 instead of forecast 53.0.

The German PMIs were forecast to show readings of 42.4 and 51.1. Actual results were just 40.3 and 50.6.

Combined EU numbers were 44.8 and 50.5 instead of forecast 45.7 and 52.3.
Back to articles

Actual Topics

Tue, 24 Sep 2024 16:37:08 GMT

CB Consumer Confidence causes minor move

The publication of the US Consumer Board Consumer Confidence index has caused a minor market reaction, despite the survey results showing a bleak picture. The survey results were forecast to show a positive future outlook with a reading of 103.9. However, actual survey results showed a reading of 98.7. The US Dollar index reacted to the news by declining just 28

Fri, 20 Sep 2024 04:20:45 GMT

BoJ sees growing consumption

The Bank of Japan has kept its Policy Rate at 0.25%. Meanwhile, the central bankers have published their Monetary Policy Statement. In general, the bank has revealed that it has observed a moderate increase in consumption. The increasing consumption might eventually cause rising prices, which would then devalue the Yen. In this case scenario, the central bank would have to

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.