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Forex Focus on European PMI’s


The week starts with a light economic calendarwith EURUSD traders await the  French manufacturing and services PMI’s at 8:15GMT followed by Germany manufacturing and services PMI’s at 08:30GMT, while at 8:00 the Eurozone manufacturing and services PMI’s will be released.

In the US forex calendar the Markit Manufacturing PMI, the Markit Services PMI and Markit Composite PMI will be released at 13:45GMT

In our central bank calendar w have the Mario Draghi will be speaking at the European Parliament. FOMC Member Williams also speaks at 16:50

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Asian indices are trading mixed today, the Hang Seng gives up 0.72% at 26,244. EURUSD trades 0.06% higher at 1.1023; the USDJPY is 0.17% higher at 107.71 while the AUDUSD is 0.22% higher at 0.6778.

The central bank of China set the Yuan rate (USDCNY) at 7.0730 versus yesterday fix at 7.0732.Download our latest quarterly market outlook for our longer-term trade ideas.

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