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Dec 16 - 03:55 AM

EUR/USD - PMI Data And Today's Fed View Set To Excite EUR/USD Trading

By Jeremy Boulton  —  Dec 16 - 02:40 AM
  • German composite PMI due 8.30GMT seen 50.4 from 51.7

  • EZ composite PMI f/c 45.8 from 45.3 is due at 9GMT

  • EUR/USD well bid into event a few pips shy of 2020's 1.2177 peak

  • Range in Asia 1.2145-72 EBS, this week 1.2110-1.2177

  • U.S. manufacturing PMI f/c 55.7 from 56.7, services 55.9 from 58.4

  • 9 mln U.S. jobless risk losing benefits soon, $70bln rent due (Full Story)

  • Few expect the Fed to do more, perhaps outline QE guidance

  • Weekly close over 1.2169, 50% drop 1.3995-1.0340 will excite



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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