wrapper

French Manufacturing PMI at a 19 -month high

Monday, Nov 23 2015
French private sector output growth weakened slightly in November, with the Paris attacks reported to have hit activity among some service providers. Flash France Services Activity Index fell to to 51.3 from 52.7 in October what is a 3-month low.  
 
On the other hand, Flash France Manufacturing PMI increased to 50.8 from 50.6 in October what is a 19-month high. However, the trend in new business firmed a little, with growth quickening to a five-month high, while backlogs of work rose again. While the longer-term economic impact following the attacks remains uncertain, PMI data suggest that GDP is on course to post another modest expansion in Q4 following the 0.3% growth reported in the third quarter.” 
 
Euro is currently being traded around 1.0630 area. Pair is likely to find support around 1.06 handle and resistance above 1.0650 level. Later today, in the US session, Existing Home Sales figures are scheduled for a release.
More in this category: « Aussie lower due to fall in commodity prices German Manufacturing PMI rose more than expected »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.