CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PMI rebounds in Germany, massive declines in France. Euro recovers from losses

07:34 22 September 2023

Germany:

  • Manufacturing PMI:  39.8 (expected: 39.5; previous: 39.1)
  • Services PMI: 49.8 (expected: 47.1; previous: 47.3)

France:

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  • Manufacturing PMI: 43.6 (expected: 46.1; previous: 46.0)
  • Services PMI: 43.9 (expected: 46.0; previous: 46.0)

A real roller coaster on EURUSD in the last minutes. First, dismal data from France, and now better data from Germany, although indicating a recession. EURUSD is recovering, although investors are somehow not strongly positive.

 

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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