What time are the German/Eurozone flash HCOB PMIs and how might they impact EUR/USD?
The German economy’s composite Purchasing Managers Index (PMI) showed unexpected stability, rising from 52.0 in September to 53.8 in October based on preliminary data. While experts anticipated some expansion in business activity, it was thought to be at a more moderate pace. Notably, the service sector’s strong growth significantly contributed to the PMI increase. The […]
What is the schedule for the HCOB German/Eurozone flash PMIs and what impact might they have on EUR/USD?
Mixed Signals from German PMI Data German manufacturing’s PMI dropped to 48.5 in September, missing the 50 mark that was anticipated. The Service PMI for Germany saw a significant increase, rising to 52.5, much higher than the expected 49.5. EUR/USD is trading close to 1.1800 following these mixed PMI results. In September, the German manufacturing […]