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European December flash PMI data in focus for the EUR/USD this morning

The EUR/USD is not changed from where it was at the time of my previous update this morning, but it might be once we have a whole series of EU flash PMI data for December. Those releases are specifically from France, at 8.15am GMT and then Germany at 8.30am GMT. The UK will release the same at 9.30am GMT. This data certainly has the potential to shift the markets in general and the Euro in particular. Of course they are all flash readings on Manufacturing and Services and hence subject to revisions later on. This data can of course move the CAC and the DAX and FTSE 100 too. The markets are looking for slightly improved readings for all this morning, but no forecast is expecting anything to move back into expansionary territory above 50. If it does, especially on the German front, then the Euro will surely take notice of that, as will the pound later on if we see something better than forecast there. More immediately though, the focus here is on France and Germany. The EUR/USD is still trading at 1.0986
 

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