The Markit released German Flash Manufacturing PMI data that came out lower-than-expected of 47.6, compared to forecast 49.7.
"The manufacturing PMI fell further into contractionary territory in February to its lowest in over six years, with sustained robust job creation at factories the only positive takeaway. The strength in employment is perhaps surprising given the order book situation and lack of pressures on capacity, but goods producers are seemingly looking through the current soft patch in demand." says Phil Smith, Principal Economist at IHS Markit.
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| Historical Data Table: German Flash Manufacturing PMI | Economic Calendar for 22.02.2019 | ||||||||
| Date | 24.10.2018 | 23.11.2018 | 14.12.2018 | 24.01.2019 | 20.02.2019 | 13:30 PM | CAD Core Retail Sales m/m | ||
| Actual | 52.3 | 51.6 | 51.5 | 49.9 | 47.6 | 13:30 PM | CAD Retail Sales m/m | ||
| Forecast | 53.4 | 52.3 | 51.8 | 51.4 | 49.7 | 15:30PM | EUR ECB President Draghi Speaks | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 21.02.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.13598 | 1.13553 | -0.04% | EUR/USD | 71.41% | 28.59% | |||
| EUR/GBP | 0.86933 | 0.86909 | -0.03% | EUR/GBP | 36.52% | 63.48% | |||
| EUR/CHF | 1.1363 | 1.13615 | -0.01% | EUR/CHF | 43.95% | 56.05% | |||
| EUR/JPY | 125.818 | 125.781 | -0.03% | EUR/JPY | 39.84% | 60.16% | |||