European Manufacturing & Services Figures
September 23, 2014News out of Europe this morning which caused some movement early on in the session. French Manufacturing PMI: Actual:48.8 Forecast:47.0 Previous:46.9
French Services PMI: Actual:49.4 Forecast:50.1 Previous:50.3
German Manufacturing PMI: Actual:50.3 Forecast:51.2 Previous:51.4
German Services PMI Actual: 55.4 Forecast:54.6 Previous:54.9
EU Manufacturing PMI: Actual:50.5 Forecast:50.5 Previous:50.7
EU Services PMI: Actual:52.8 Forecast:53.0 Previous:53.1
As you can see we had a mix of figures come out from Europe this morning which overall can be described as good. Although some of the figures missed expectations, it wasn’t by much and this in turn spurred a move in most euro crosses. EURUSD up to 1.2880, EURGBP up to 0.7875 and EURCHF up to 1.2080. EURCAD tested 1.4200 however retrieved back to 1.4180 and EURAUD stopped short of 1.4500 and slipped back down to 1.4456. More news out of Germany tomorrow where we can expect further volatility.
