BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉

EUR/USD

Forex

08:50 AM BST, France - PMI Data for December:

HCOB France Manufacturing PMI: actual 50.7; forecast 50.6; previous 47.8;

08:55 AM BST, Germany - PMI Data for December:

HCOB Germany Manufacturing PMI: actual 47.0; forecast 47.7; previous 48.2;

09:00 AM BST, Euro Zone - PMI Data for December:

HCOB Eurozone Manufacturing PMI: actual 48.8; forecast 49.2; previous 49.6;

The euro area PMI weakened stronger than expected as production fell for the first time from Februrary 2025, driven by a sharp deterioration in demand, especially exports. New orders declined faster, prompting deeper cuts to purchasing, inventories and employment. Supply chains tightened and input costs rose, yet firms kept discounting prices. Despite current weakness, business optimism jumped to multi-year highs.

Contrasting changes in France and Germany

France was one of the bright spots of the report, with its PMI rebound driven by a sharp pickup in export demand, helping stabilise output and soften the decline in overall orders. Employment returned to growth, inventories were run down, and purchasing cuts eased. Cost pressures moderated, enabling modest price rises, while domestic demand and political uncertainty capped confidence

Germany’s PMI fell as demand weakened further, led by a sharp acceleration in export order declines. Output slipped after a long expansion, prompting deeper cuts to jobs, purchasing and inventories. Supply bottlenecks and rising input costs added pressure, while intense competition forced further price discounting despite higher costs.

EURUSD (D1)

EURUSD extended its losses following the data release after earlier failing near key resistance around 1.1765. The pair has fallen roughly 0.5% over the past week, reflecting broader dollar strength amid more restrained US rate-cut expectations for Q1 2026. Immediate support sits near 1.1720, while a near-oversold RSI (approaching 30) should spark caution before chasing further downside.

Source: xStation5

2 January 2026, 10:00 AM

Wall Street kicks off 2026 in the green 🗽US100 jumps 1%

2 January 2026, 9:32 AM

BREAKING: S&P Manufacturing PMI data from the UK weaker than expected

2 January 2026, 9:07 AM

Economic calendar: Markets await final US manufacturing PMI data🔎

2 January 2026, 8:54 AM

Technical Analysis - GOLD (02.01.2026)

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉

Contrasting changes in France and Germany

EURUSD (D1)

Join over 2 000 000 XTB Group Clients from around the world