EUR/USD Daily Forecast – 25 September

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Friday, Sep 22 2017

EUR/USD Daily Forecast – 25 September

Friday's session was marked by French and German PMI figures. Flash France Services Activity Index rises to 57.1 in September (54.9 in August), 4-month high, while Flash France Manufacturing PMI increases to 56.0 (55.8 in August) 77-month high. Having moderated in each of the previous three months, the rate of growth in service sectoractivity accelerated in September and was only marginally weaker than May’s near six-year peak. Further positive news was evident at goodsproducers, with manufacturing production rising to the greatest extent since April 2011.

Germany’s private sector economy ended the third quarter strongly, with business activity growth accelerating to the fastest in almost six-and-a-half years, according to flash PMI® survey data from IHS Markit. Improved performances were seen across both manufacturing and services in September, though it was the former that continued to show the much faster rate of expansion. Flash Germany Services PMI Activity Index came at 55.6 (53.5 in August), a 6-month high, while Flash Germany Manufacturing PMI rose to 60.6 (59.3 in August), a 77-month high.

From Eurozone, on Monday, German Business Climate figures will be published. Analysts do not anticipate any changes. There will be no major data releases from the USA.

Figures to watch:

German Ifo Business Climate (Monday 10:00)

More in this category: « GBP/USD Daily Forecast – 25 September AUD/USD Daily Forecast – 26 September »

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