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08:31 · 16 December 2024

BREAKING: EURUSD rebounds after PMI data and dovishLagarde comments 💡

EUR/USD
Forex
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Germany - PMI data for December

  • Services. Currently: 51 Forecast: 49.3 Previously: 49.3
  • Industry. Currently: 42.5 Forecast: 43.1 Previously: 43

France - PMI data for December

  • Services. Currently: 48.2 Forecast: 46.7 Previously: 46.9
  • Industry. Currently: 41.9 Forecast: 43 Previously: 43.1

In addition to the PMI data itself, investors are discounting Lagarde's comments. The ECB president announced that the Bank is close to its inflation target, and if nothing extraordinary happens in the market, we can expect further interest rate cuts. The comments were clearly dovish, but with the full valuation of a 50bp cut in January, the market expected such a stance. For this reason, on EURUSD we are seeing a slight attempt to rebound from recent lows. 

 

Source: xStation 

12 December 2025, 07:05

BREAKING: UK GDP and manufacturing lower than expected 📉Final German CPI in line with expectations

12 December 2025, 06:54

Morning wrap (12.12.2025)

11 December 2025, 15:10

BREAKING: US wholesale sales lower than expected

11 December 2025, 13:33

BREAKING: US jobless claims above expectations🗽

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