Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Spanish PMI revision disappoints but there is more to come-EUR/USD edges back from session high
The first in a whole bunch of European PMI final revisions to the service sector and composite readings has just been released from Spain. That data showed the initial reading was above the revision. That has just been revised lower, from 57.3 to 54.9. Granted it is still positive, just not as positive as earlier thought. Equivalent readings will come from Italy (8.45am GMT), France (8.50am GMT) and finally from Germany at 8.55am GMT. The combined impact of that lot could have a directional influence on the Euro. As you can see it has just now stepped back from an earlier high at 1.0410 on the back of the Spanish data. The UK equivalent readings will be released at 9.30am GMT. The EUR/USD is right now at 1.0395
Market News
All News-
EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
-
USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
