Eurozone Manufacturing PMI dropped to 46.1 in February, missing estimates of 47.0

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

• Eurozone Manufacturing PMI dropped to 46.1 in February, missing estimates of 47.0
• Bloc’s Services PMI returned to expansion in February at 50.0 vs. 48.8 anticipated.
• EUR/USD stays directed toward 1.0900 after German, Eurozone PMI data.

The Eurozone manufacturing sector activity contracted further but the services sector returned to expansion in February, the latest figures from the HCOB’s latest purchasing managers index survey showed Thursday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 46.1 in February, as against the expectation of 47.0 and the 46.6 seen in January. The index fell to a two-month low.

The bloc’s Services PMI rose to 50.0 in February from 48.4 in January, clinching a fresh seven-month high while beating the estimate of 48.8.

The HCOB Eurozone PMI Composite advanced to 48.9 in February vs. 48.5 expected and January’s 47.9 figure. The index hit an eight-month top.

EUR/USD is consolidating gains to near 1.0970 after mixed Eurozone PMIs. The spot is up 0.44% on the day, at the press time.

[/s2If]

The NEHCAP currently runs the following trading systems for clients. They can be bought and run on your funds.

The system is trading live: LIVE ACCOUNT TRACKING
Contact Us: Contact
The HFT_FIX can be run free for 2 weeks on any broker with a ECN. Apply for a free trial
Join Our Telegram Group