Final Eurozone PMI - Below Expectations

April 5, 2016

Eurozone final services PMI revised down to 53.1 from 54.0 reported initially and versus 53.3 in February. The composite was revised up to 53.1 from 53.0 reported initially on the back of the stronger manufacturing number, but this still leaves the index down from 53.7 in the previous month. So the improvement in confidence that the PMI suggested for the end of the first quarter looks shakier than thought and the country breakdown highlights that even the big four are drifting apart again, with the weakness mainly felt at the core. France in particular continues to underperform amid the lack of structural reforms.

EURJPY continued its decline from Fridays high to the psychological 125.50 level and the 4 Hour 200 Day MA. The JPY has been particularly strong over night as risk off takes hold. There was also a meeting convened between the BOJ, the Japanese finance ministry and the financial regulator, following the meeting Chief Cabinet Secretary Suga said FX levels were being watched with “a sense of urgency”.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 23, 2017
Japanese Yen is taking the heat
Looking at the daily chart of the Japanese Yen, we can see that the bullish engulfing has formed next to the 50% Fibonacci level, which has been broken on the weekly chart at the points of 125.853 and 98.935...
January 23, 2017
Main Macro Events This Week
President Trump has his feet under the desk in the Oval office and the tone of his inaugural speech and actions over the weekend reiterated his campaign themes to Make America Great Again...
January 23, 2017
UK stocks start the week on the back foot
The FTSE100 is under some selling pressure this morning and trading lower by around 40 points. The leading UK stock index posted its first weekly loss in over a month on Friday and has continued lower out the gate today. The pound is broadly higher on the day and has moved back above the 1.24 handle against the US dollar...

Z.com Trade Rating
FxPro Rating
FIBO Group Rating
HotForex Rating
Trade360 Rating
Tickmill Rating

Migesco Rating
Anyoption Rating
Beeoptions Rating
Porter Finance Rating
Banc De Binary Rating
OptionBit Rating