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Nov 20 - 05:55 AM

EUR/USD - Next Week's PMIs May Hit EUR/USD Hard

By Jeremy Boulton  —  Nov 20 - 03:45 AM
  • If next week's PMI data meets f/c will put pressure on EUR/USD

  • German composite PMI eyed 50.0 in Nov from 55.0

  • EZ composite PMI f/c 45.5 in Nov from 50.0

  • Data is due Nov 23 and traders are sitting long into the event

  • Data due shortly before a meeting where ECB is expected to ease

  • EUR/USD may end this year with a twist nL1N2I60DS




Euro zone composite PMI Click here

Source:
Refinitiv IFR Research/Market Commentary

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