Global macro overview for 23/11/2015
November 23, 2015 11:30 amVideo
Latest News
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
Global macro overview for 23/11/2015:
The flash PMI data on the eurozone has been released earlier this morning. The data was expected to show that the manufacturing outlook remained unchanged in November, while service sector growth was anticipated to cool slightly. It turned out, the data has beaten the market expectations with manufacturing PMI at the level of 52.8 vs. 52.2 expected and 52.2 prior and services PMI at the level of 54.6 vs. 54.2 expected and 54.1 prior. Nevertheless, the PMI data continues pointing only to moderate growth in the eurozone. It supports the view for more monetary stimulus from the European Central Bank, which is expected to announce it at the December meeting.
The EUR/USD pair bounced from the round level of 1.0600 and now it is trying to break above the technical resistance at the level of 1.0643.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: