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The Euro was left without any bullish support after Markit released several PMI reports for the EZ counties. The EUR/USD currency pair was zigzagging within the 1.1750-1.1770 range and finished the session at the 1.1758 mark.
Markit published its preliminary report showing the Eurozone's Services PMI at a weaker level of 54.9 in October, though, as well as manufacturing, the sector continued solid growth. Meanwhile, France and Germany marked an expansion of both manufacturing and services industries in the same period, remaining the main contributors to the Euro zone's good economic condition. The pair is expected to be shaken on Thursday, when the ECB makes its monetary policy announcement.
| Historical Data Table: EU Services PMI (preliminary) | Economic Calendar for 25.10.2017 | ||||||||
| Date | 23.06.2017 | 24.07.2017 | 23.08.2017 | 22.09.2017 | 24.10.2017 | 8:00 AM | UK Prelim GDP q/q | ||
| Actual | 54.7 | 55.4 | 54.9 | 55.6 | 54.9 | 12:30 PM | US Durable Goods | ||
| Forecast | 56.2 | 55.5 | 55.4 | 55.5 | 55.7 | 2:00 PM | BoC interest Rate Decision | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.17554 | 1.17625 | 0.06% | EUR/USD | 41.56% | 58.44% | |||
| EUR/GBP | 0.89161 | 0.8916 | 0.00% | EUR/GBP | 41.44% | 58.56% | |||
| EUR/CHF | 1.15892 | 1.15925 | 0.03% | EUR/CHF | 28.92% | 71.08% | |||
| EUR/JPY | 133.624 | 133.719 | 0.07% | EUR/JPY | 40.13% | 59.87% | |||