Eurozone: Expect improvements in the flash PMIs - TDS


According to analysts at TD Securities, despite recent divergence between activity and survey data in Europe, they finally expect improvements in the flash PMIs for May.

Key Quotes

“In France, we look for the PMI Services to rise half a point to 51.0 (mkt: 50.8), while the German PMI Manufacturing rises to 46.0 (mkt: 44.8).”

“Shortly after, the German IFO for May is released, and we look for a gain of about half a point in both the Current Assessment (to 104.1; mkt: 103.5) and Expectations (to 95.7; mkt: 95.0) indexes."

"At lunchtime, the ECB releases minutes from its 10 April meeting. While President Draghi hinted in his press conference that all instruments would be "live" at the upcoming June meeting, the minutes are likely to provide few details on his thinking, while reiterating that TLTRO details are due to be announced in early June. It's also worth bearing in mind that the meeting was held before the above-trend Q1 GDP data was released, so some of the expected cautious tone will be somewhat out of date. Finally, the ECB's Nowotny speaks at 5pm.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD ends the day with losses in the 1.1070 area

The shared currency suffered once again from dismal local data, with EU inflation falling into negative ground in July. Dollar up amid a better market mood, but recovery fragile.

EUR/USD News

GBP/USD: On the back foot around 1.2130 amid Brexit pessimism

GBP/USD clings to 10-day EMA after fresh signs of no-deal Brexit. The UK PM writes a letter to the EU showing alternative arrangements to Irish backstop ahead of Germany/France visit.

GBP/USD News

USD/JPY: holding on to modest gains

Japanese exports to China declined by 9.3% YoY in July. USD/JPY consolidating a few pis below a critical Fibonacci resistance.

USD/JPY News

Spot gold ending over 1% lower on the day, traders await Fed's Powell

On a less risk-off market, spot gold ended on Wall Street lower by -1.19%  around $1,495 having travelled between a high of $1,513.26 and a low of $1,493.39.

Gold News

Bullish levels to watch after Binance announces Venus vs. Facebook's Libra

Cryptocurrencies have been advancing once again, with Bitcoin topping $10,500, Ethereum clawing its way back above $200, and Ripple extending its gains.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •