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EUR/USD Weekly Forecast – 26 June – 30 June

Saturday, Jun 24 2017
EUR/USD Weekly Forecast – 26 June – 30 June

Events that marked the week:

Friday's session brought French and German Manufacturing and Services PMI data. French service sector activity fell more-than-expected last month, official data showed on Friday. In a report, Markit Economics said that French Services PMI fell to a seasonally adjusted 55.3, from 57.2 in the preceding month. Analysts had expected French Services PMI to fall to 57.0 last month. On the other hand France’s manufacturing PMI rose more-than-expected last month. In a report, Markit Economics said that  French manufacturing PMI rose to a seasonally adjusted 55.0, from 53.8 in the preceding month. Analysts had expected French manufacturing PMI to rise to 54.0 last month.

Germany’s manufacturing PMI fell less-than-expected last month, preliminary data showed on Friday. In a report, Markit Economics said that German manufacturing PMI fell to a seasonally adjusted 59.3, from 59.5 in the preceding month. Analysts had expected German manufacturing PMI to fall to 59.0 last month. However, German service sector activity fell unexpectedly last month. In a report, Markit Economics said that German Services PMI fell to 53.7, from 55.4 in the preceding month. Analysts had expected German Services PMI to rise to 55.5 last month.

 

This week markets will be looking at:

 

German Ifo Business Climate (Monday 10:00)

M3 Money Supply (Wednesday 10:00)

German Prelim CPI (Thursday)

Spanish Flash CPI (Thursday 9:00)

CPI Flash Estimate (Friday 11:00)

More in this category: « GBP/USD Weekly Forecast – 26 June – 30 June AUD/USD Weekly Forecast – 03 July – 07 July »

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