The Euro depreciated against the US Dollar, following the German Markit PMIs data set release on Wednesday at 7:30 GMT. The EUR/USD exchange currency rate lost 25 pips or 0.22% right after the release. The European Common Currency continued trading at the 1.1255 level against the US Dollar.
Markit released the German Flash Manufacturing PMI data that came out worse-than-expected of 44.5 compared with the forecast of 45.2. Note, that the German Flash Services PMI was released at the same time.
The overall situation for the German private sector remained unchanged according to the release. Despite strong growth across the services economy, some weakness remains in the manufacturing economy due to the German export.
| Date | 14.12.18 | 24.01.19 | 21.02.19 | 22.03.19 | 18.04.19 |
|---|---|---|---|---|---|
| Actual | 51.5 | 49.9 | 47.6 | 44.7 | 44.5 |
| Forecast | 51.8 | 51.4 | 49.7 | 48 | 45.2 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.14105 | 1.13962 | -0.13% |
| EUR/GBP | 0.86631 | 0.8659 | -0.05% |
| EUR/JPY | 126.42500 | 126.186 | -0.19% |
| EUR/USD | 1.12966 | 1.12775 | -0.17% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 35.1% | 64.9% |
| EUR/GBP | 50.9% | 49.1% |
| EUR/JPY | 41.3% | 58.7% |
| EUR/USD | 28.2% | 71.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | CPI q/q | - | 0.5% |
| 14:00 | CAD | Overnight Rate | 1.75% | 1.75% |
| 14:30 | USD | Crude Oil Inventories | - | -1.4M |