FOLLOW MARKETMOVES

EUR/USD update (5th Sep 2012, 15:00)

A slew of weak PMI numbers out of the eurozone this morning have put the single currency on the back foot, down 50 points and bringing it close to the $1.2500 mark.

Services PMIs from Germany, France and Italy, were mixed, with Germany’s unchanged, France’s weaker and Italy’s actually slightly better. However, the overall eurozone indices reflected the parlous state of the region, with the services index for August coming in at 47.2, just below the previous estimate, and the composite index dropping to 46.3 from an earlier forecast of 46.6.

In addition, investors seem to be getting increasingly nervous ahead of the ECB meeting tomorrow. This is understandable, since the date has been circled in everyone’s diaries for a month now. As usual, we are really none the wiser about what might, or might not, be announced, so we must be content with a high-degree of crystal ball gazing that provides much heat, but little light. All we can really do is wait.
comments powered by Disqus

All Forex News

Tags

, ECB, EUR/USD

Trusted Firms

All Reviews
AUD/USD update (23rd April 2014, 14:00) 23 Apr 2014

The Australian dollar has slipped following softer-than-expected inflation figures.

EUR/USD update (23rd April 2014, 13:00) 23 Apr 2014

The EUR/USD is higher after the eurozone manufacturing and services report exceeded estimates.

Market Comment 23rd April 2014 23 Apr 2014

European equities are set to open mixed as traders remain cautious. 

GBP/USD update (22nd April 2014, 19:00) 22 Apr 2014

GBP/USD looks set to continue its move higher, as it consolidates above $1.68.

EUR/USD update (22nd April 2014, 18:00) 22 Apr 2014

The EUR/USD is trading around the $1.38 level as traders return from the Easter holidays

Market Comment 22nd April 2014 22 Apr 2014

European equities are set to grind higher tracking a positive session overnight in the US. 

EUR/USD update (16th April 2014, 14:00) 16 Apr 2014

The euro is higher versus the US dollar, after the level of inflation in the eurozone remained unchanged in March.

GBP/USD update (16th April 2014, 13:00) 16 Apr 2014

UK unemployment has now dipped below 7%, the initial threshold level the Bank of England introduced in August but reneged upon last month, which has s...

Market Comment 16th April 2014 16 Apr 2014

European equities are set to open higher tracking an overnight surge in the US markets. 

EUR/USD update (15th April 2014, 15:00) 15 Apr 2014

Having popped its head above the $1.39 level at the tail end of last week, EUR/USD has found itself pulled back.

Market Comment 15th April 2014 15 Apr 2014

European equities are set to open flat as they’re caught between two competing poles of sentiment. 

AUD/USD update (14th April 2014, 18:00) 14 Apr 2014

The Australian dollar is gaining ground against the US dollar, as traders prepare for the latest minutes release from the Reserve Bank of Australia.

EUR/USD update (14th April 2014, 16:00) 14 Apr 2014

The euro is under pressure against the US dollar as tensions in eastern Ukraine weigh on the currency.

Market Comment 14th April 2014 14 Apr 2014

European equities are set to start on the back foot as last week’s negative sentiment remains firmly intact. 

GBP/USD update (11th April 2014, 16:00) 11 Apr 2014

After touching $1.68 yesterday, sterling has dropped back, hit by weaker UK construction output figures.

EUR/USD update (11th April 2014, 16:00) 11 Apr 2014

If we see the euro close above $1.39 today, then it will be the icing on the cake for the currency, which has enjoyed a remarkable week.



Share this with your friends

To:
From:
Your comments:

EUR/USD update (5th Sep 2012, 15:00)

A slew of weak PMI numbers out of the eurozone this morning have put the single currency on the back foot, down 50 points and bringing it close to the $1.2500 mark.

Read more »

Connect to successful traders – join Marketmoves.com free now

Log In or Sign up

Facebook User?

You can use your facebook account to sign up with Live streaming sport.

Connect with facebook
Remember me.
Did you forget your password?