wrapper

EUR/USD Daily Forecast – 25 October

Tuesday, Oct 24 2017
EUR/USD Daily Forecast – 25 October

Yesterday's session brought French and German PMI figures. October. French private sector activity rose more than expected in October, boosting the economic outlook of the euro zone’s second largest economy according to data released on Tuesday. The preliminary reading of the Markit services purchasing managers’ index came in at 57.4 this month from 57.0 in September Economists had expected the index to tick down to 56.9. The manufacturing PMI rose to 56.7, compared to expectations for 56.0 and from 56.1 a month earlier. The composite output index, which measures the combined output of both the manufacturing and service sectors rose to 57.5 from 57.1, beating expectations for 57.0.

Private sector output in Germany expanded at a slower pace than expected in October, dampening optimism over the health of the euro zone's largest economy, preliminary data showed on Tuesday. Market research group Markit said that its Flash German Composite Output Index, which measures the combined output of both the manufacturing and service sectors fell from 57.7 in September to 56.9 in October, missing forecasts for 57.5. The preliminary German manufacturing purchasing managers’ index dipped to 60.5 this month from a final reading of 60.6 in September. Analysts had expected the index to slip to 60.2 in October. The flash services purchasing managers’ index declined to 55.2 this month from 55.6 in September, below expectations for a reading of 55.5.

 

From Eurozone, tomorrow, German Business Climate figures will be released. Analysts predict no change. In the US session Durable Goods Orders and New Home Sales data will be published. Durable Goods Orders are expected to raise by 1.0%, while New Home Sales should show annual rate of 555,000.

 

Figures to watch:

 

German Ifo Business Climate (Wednesday 10:o0)

Durable Goods Orders (Wednesday 14:30)

New Home Sales (Wednesday 16:00)

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

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.