Eurozone Preliminary Manufacturing PMI edges lower to 45.6 in July vs. 46.1 expected
Source Fxstreet
- Eurozone Manufacturing PMI declined to in July, missing the 46.1 forecast.
- Bloc’s Services PMI dropped to 51.9 in July vs. 53.0 expected.
- EUR/USD remains in the red below 1.0850 after German, Eurozone PMI data.
The Eurozone manufacturing sector contraction extended while the services sector activity lost its recovery momentum in July, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Wednesday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) dropped from 45.8 in June to 45.6 in July, missing the market consensus of 46.1.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum Reclaims $3K Handle—Is a Breakout Imminent?Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
Bitcoin holds steady above $90,000 as traders eye $100,000, buoyed by Thanksgiving market lull.
Gold (XAU/USD) attracts fresh buyers during the Asian session on Friday and climbs to a two-week high, with bulls now eyeing to reclaim the $4,200 mark amid dovish US Federal Reserve (Fed) expectations.
Silver remains steady near $54.00 after rejection at $54.40 area.
Silver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve expectations alongside strong industrial and investment demand.
