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