German Preliminary Manufacturing PMI declines to 42.6 in July vs. 44.0 expected
Source Fxstreet
- Germany’s Manufacturing PMI dropped to 42.6 in July vs. 44.0 anticipated.
- Services PMI for the German economy fell to 52.0 in July vs. 53.1 estimate.
- EUR/USD falls further below 1.0850 after downbeat German PMIs.
The German manufacturing sector contraction unexpectedly deteriorated in July while the services sector also underperformed, the preliminary business activity report published by the HCOB survey showed Wednesday.
The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse came in at 42.6 this month, deteriorating from June’s 43.5 while much below the forecast of 44.0.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Musk Pitches Bitcoin As Pillar Of America Party
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.
Silver Price Forecast: XAG/USD falls to near $72.00 amid fading safe-haven demandSilver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Gold retreats sharply from two-week top/$4,800 as Trump’s Iran comments boost USDGold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.
Gold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.
Related Instrument
