Eurozone manufacturing PMI data

• German Manufacturing PMI (Feb), fact 47.6, forecast 50.0.
• German index of business activity in the services sector (Feb), fact 55.1, forecast 52.8.
• Manufacturing PMI (Feb), fact 49.2, forecast 50.3.
• Markit Composite Business Activity Index (PMI) (Feb), fact 51.4, forecast 51.1.
• Index of business activity in the services sector (Feb), fact 52.3, forecast 51.5.

The preliminary data on business activity in the manufacturing sector (PMI) of the eurozone for February turned out to be ambiguous. Business activity in the manufacturing sector remains controversial. The composite index of business activity shows a slowdown in decline, while activity in the manufacturing sector continues to decline.

Fig. 1. Graph of activity in the manufacturing sector of the eurozone

The euro also responded ambiguously to mixed data, showing multidirectional dynamics and maintaining the trading range of Wednesday. Data for the euro area can be regarded as a deterrent for the euro, which continues to be traded with a strengthening on the general weakness of the US dollar. The EUR/USD pair is limited by lateral dynamics from 1.1320-00 to 1.1360-70.

Fig. 2. EUR/USD chart. Current price – 1.1340

Read also: “VSA analysis: a test of supply and demand, and the culmination of purchases and sales”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Gold. Expectations March 2019!
2. Gold. Expectations for February and March 2019
3. Features of trading within a week

Current Investment ideas:

1. Ready instruction to income! Earn with #CAT!
2. Aerospace Corporation brings a cosmic income!