Read more
8:06 AM ยท 24 July 2024

BREAKING: Flash July PMI readings from Eurozone weaker than expected. EURUSD loses ๐Ÿ“‰

-
-
Open account Download free app

Eurozone Composite PMI (flash for July) came in 50.1 vs 50.9 exp. and 50.9 previously

  • Services: 51.9 vs 52.9 exp. and 52.8 previously
  • Manufacturing: 45.6 vs 46.1 exp. and 45.8 previously

Germany Composite PMI came in 48.7 vs 50.6 exp. and 50.4 previously

  • Services: 52 vs 53.3 exp. and 53.1 previously
  • Manufacturing: 42.6 vs 44 exp. and 43.5 previously

France Composite PMI came in 49.5 vs 48.8 exp. and 48.8 previously

  • Services: 50.9 vs 49,7 exp. and 49,8 previously
  • Manufacturing: 44.1 vs 45.9 exp. and 45.4 previously

EURUSD weakened after macro readings from Eurozone economies, with again falling economic momentum in Germany. The German DAX is losing almost 1% today, and even higher chances for ECB rate cuts don't support buyers today. Flash PMIs from France came in higher than expected (except for manufacturing) and now investors are waiting for UK readings (9:30 AM BST). Especially weak manufacturing data signal some possible, further headwinds for European economies.

EURUSD (H1 interval)

Source: xStation5Source: Markit Economics, Macrobond, XTB Research

Source: Markit Economics, Macrobond, XTB Research

13 March 2026, 3:12 PM

BREAKING: Mixed JOLTS & University of Michigan dataโ“

13 March 2026, 1:05 PM

BREAKING: Canada Labor market keeps deteriorating ๐Ÿ“‰

13 March 2026, 12:41 PM

BREAKING: PCE in lane, GDP growth slows down! ๐Ÿ”ฅ๐Ÿšจ

13 March 2026, 7:06 AM

Economic Calendar: U.S. PCE Reading in the Spotlight!

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits