Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
German PMI miss sends EUR/USD and DAX lower
The German August PMI data has just been released and as suspected it was not good. All three component reports missed on the downside and that has sent the EUR/USD below the noted 1.1139 level and it surely tripped stops below that level too. The report on the German PMI data is not painting a good picture on the German economy at all. Notably, the manufacturing index fell to 42.1 from 43.2. The DAX has reacted negatively to this data too, as indeed it should because it was lousy. The Index did spike above 18,500 after the French data, but is tracking back towards 18,450 now, as the EUR/USD falls back towards 1.1125
Market News
All News-
S+P 500 backs away from a new all time high today
Earlier this afternoon the S+P 500 managed to surpass the current all time high it set earlier this summer, at 5,669.67. The index set a new record...
-
Gold drops back as the Yen retreats
The USD/JPY has continued to react positively to the decent US data today and risen further above the 141 handle. The high seen this afternoon has... -
Addendum and correction to the previous update on BTC
Upon further inspection BTC has not yet passed above the 100 day moving average. That is in place right now at 61,365. So, as you can see the high (61...
