Data on business activity in the manufacturing sector (PMI) in Europe

• The index of business activity in the manufacturing sector (PMI) of Germany is 56.9, the forecast is 56.8.
• The index of business activity in the manufacturing sector (PMI) of the eurozone is 55.5, the forecast is 55.5.
• The index of business activity in the manufacturing sector (PMI) of Great Britain is 54.4, the forecast is 53.5.

Despite the heterogeneity of this indicator for the euro area, the general activity in the production sector of the euro area remains at the same level and demonstrates a slight slowdown. In turn, the figures for the UK and Germany remain restrained positive, despite the expected slowdown.

The index of business activity in the manufacturing sector (PMI) in Germany

The general positive data on business activity in Europe had a positive impact on the EU stock markets, thereby restoring the growth of the euro and pound against safe haven assets, but not the American. As dollar investors continue to hold a waiting position before the publication of the US employment report.

The euro is traded with a strengthening against the yen on risk mitigation in the euro area and strengthening of stock exchanges. Despite the formation of a corrective upward trend in the pair, significant levels of resistance are marked by: 128.00-20 and 128.50, which will limit the further growth of the pair. Support is located at the levels: 127.00 and 126.80, consolidation below which will indicate the resumption of the downtrend.

Fig. EUR/JPY. Current price – 127.60

Also, read: “Features of Trade on the Bollinger Lines”

Hanzenko Anton