Euro stable after mixed PMI figures

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Wednesday, Sep 23 2015

Flash France Manufacturing PMI rise to 50.4 from 48.3 in August, what is a 3-month high. Smaller incline to 48.6 was expected. Flash France Services Activity Index rose to 51.2 from 50.6, almost in line with market forecasts.

German private sector companies remained in expansion mode at the end of the third quarter, as highlighted by a further increase in output. Despite slowing slightly since August, the rate of growth was healthy overall and indicative of a further rise in gross domestic product in Q3.

Flash Germany Manufacturing PMI came at 52.5 from 53.3 in August, what is a 2-month low. Flash Germany Services Activity Index fell to 54.3 from 54.9 in August, also 2-month low. These figures were mostly in line with market forecasts.

Euro is currently being traded around 1.1120 area. Pair is likely to find support around 1.11 handle and resistance above 1.12 level. There will be no major data releases in the rest of the session.

More in this category: « China's Manufacturing PMI down to 47.0 in September Sterling continues its downtrend »

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