Euro moved due to PMIs

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During Thursday's morning hours, S&P Global published its Purchasing Managers Indices for the European countries. These data sets moved the Euro by revealing how the services and manufacturing sectors are doing in the eurozone.

A PMI is a diffusion index derived from a survey. In general, a reading below 50 is seen as bad. A reading above 50 is seen as good for the sector. However, what matters is what the actual data is, compared to the market consensus forecast.

French Manufacturing PMI was below expected at 42.1 instead of 44.4. Meanwhile, the Services PMI is a lot better than expected, as the released number is 55.0 instead of 50.2. This reveal at 07:15 GMT caused the initial spike of the Euro to the upside.

German numbers were both below expectations, which was the cause for the follow-up decline. Manufacturing PMI was expected to be at 43.4, but actual number is 42.1. Services PMI showed a reading of 51.4 instead of forecast 52.3.
Back to articles

Actual Topics

Thu, 22 Aug 2024 08:38:52 GMT

GBP gets a boost from PMIs

At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies. A PMI is a diffusion index derived from a survey. In general, a reading below 50 is seen as bad. A reading above 50 is seen as good for

Wed, 21 Aug 2024 18:25:41 GMT

Fed Meeting Minutes accelerate USD decline

The publication of the Federal Reserve Federal Open Markets Committee Meeting Minutes at 18:00 GMT on Wednesday added more energy to the ongoing decline of the US Dollar. The minutes revealed new information about how the prior Federal Reserve rate decision was made and what some members of the committee spoke about the future. Main points taken by the

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.