Euro area Manufacturing brightens

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Euro area Manufacturing brightens
FxPro | Před 1 dnem

Euro area Manufacturing brightens

Preliminary estimates of PMI business activity indices for eurozone countries came in below expectations, taking away about a third of a per cent from EURUSD in the first hours after the release. However, the rebound in manufacturing activity reinforces expectations of economic acceleration in the coming months.

For France, Germany and across the eurozone, manufacturing PMIs exceeded expectations and earlier estimates, pointing to a further pickup in the recovery. Their upward trend is an important positive for Europe, where the manufacturing sector remains an important leading indicator for the overall economy.

The services sector, meanwhile, disappointed, posting figures below expectations and weaker than earlier figures. The PMI for the services sector is above 50, i.e. in growth territory. Its slowdown was a negative for the Euro, as it does not prevent further key rate cuts in the Eurozone, as low activity does not create pro-inflationary risks.

However, in the longer term, the recovery in manufacturing activity is positive news for the euro, which is closely correlated with economic activity - much better than the dollar. However, while EURUSD remains persistently below 1.05, we see more chances of failure under the parity level. The rise could well turn out to be just a corrective bounce.

By the FxPro Analyst Team

Regulace: FCA (UK), CySEC (Cyprus), SCB (The Bahamas), FSCA (South Africa)
read more
ATFX Market Outlook 19th February 2025

ATFX Market Outlook 19th February 2025

Positive sentiment surrounding technology stocks and a robust earnings season contributed to market optimism despite ongoing negotiations between the U.S. and Russia regarding Ukraine being a focal point. The S&P 500 reached a record high, closing 0.3% higher at 6,129.62.
ATFX | Před 3 dny
ATFX Market Outlook 18th February 2025

ATFX Market Outlook 18th February 2025

Dow futures climbed on Tuesday as investors returned from the extended holiday weekend, with market participants looking ahead to this week's release of the latest FOMC minutes to assess the outlook for monetary policy.
ATFX | Před 4 dny
EUR/USD significantly rises as risks diminish

EUR/USD significantly rises as risks diminish

The euro’s gains accelerated after US President Donald Trump signed a memorandum to review retaliatory duties without immediately imposing new tariffs.
RoboForex | Před 8 dny
ATFX Market Outlook 10th February 2025

ATFX Market Outlook 10th February 2025

U.S. January NFP: Job growth slowed in January, with the addition of 143,000 jobs, while the unemployment rate fell to 4.0%, leading the Federal Reserve to maintain interest rates until at least June. The three major U.S. stock indices closed lower, with the Dow down 0.54%, the S&P down 0.24%, and the Nasdaq down 0.53%. President Trump announced plans for reciprocal tariffs on multiple countries.
ATFX | Před 12 dny
ATFX Market Outlook 7th February 2025

ATFX Market Outlook 7th February 2025

US jobless claims increased last week, and fourth-quarter labour productivity growth fell more than expected. The S&P 500 and Nasdaq closed higher on Thursday, while Dow futures declined amid volatile trading as investors awaited Amazon's earnings and the important employment report scheduled for Friday.
ATFX | Před 13 dny
ATFX Market Outlook 6th February 2025

ATFX Market Outlook 6th February 2025

U.S. stock indices were volatile on Wednesday but closed higher, with the Dow gaining 0.7%, the S&P 500 up 0.41%, and the Nasdaq up 0.19%. The dollar fell to its lowest in over a week as trade war uncertainty, with the dollar index down 0.435% at 107.58. The euro gained 0.24% against the dollar, while the pound rose 0.2%. 
ATFX | Před 16 dny
ATFX Market Outlook 4th February 2025

ATFX Market Outlook 4th February 2025

U.S. stock index futures rose after President Trump delayed 25% tariffs on Canada and Mexico for 30 days, easing investor concerns. However, a 10% tariff on China will commence on Tuesday. While stocks had dropped due to trade and inflation worries, they ended above session lows following the delay.
ATFX | Před 17 dny