FXstreet.com (Barcelona) - Back to reality. The euro is doing nothing but falling on Thursday, after flash September French manufacturing and services PMI unexpectedly dropped to 42.6 and 46.1 respectively, missing forecasts and down from August’s readings.
Next on tap will be Germany and the EMU’s PMI, followed by Italian industrial orders/sales and Portuguese trade balance figures. Spanish 10-yr bond auction will test investors’ confidence once more, against a backdrop of recent fall in yields below the 6.0% threshold.
EUR/USD is now falling 0.71% at 1.2955 and a drop further will find 1.2937 (high Sep.12) ahead of 1.2855 (low Sep.13) and 1.2827 (MA200d).
On the upside, a climb beyond 1.3059 (hourly high Sep.20) would bring 1.3120 (high Sep.18) and then 1.3173 (high Sep.17).
Next on tap will be Germany and the EMU’s PMI, followed by Italian industrial orders/sales and Portuguese trade balance figures. Spanish 10-yr bond auction will test investors’ confidence once more, against a backdrop of recent fall in yields below the 6.0% threshold.
EUR/USD is now falling 0.71% at 1.2955 and a drop further will find 1.2937 (high Sep.12) ahead of 1.2855 (low Sep.13) and 1.2827 (MA200d).
On the upside, a climb beyond 1.3059 (hourly high Sep.20) would bring 1.3120 (high Sep.18) and then 1.3173 (high Sep.17).
