OctaFX | OctaFX Forex Broker
Open trading account

EZ PMI data disappointing - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained Today Europe's manufacturing PMI disappointed.

Key Quotes:

"It almost feels like we have gone through Alice's Looking Glass again."

"Previously countries would try to distinguish themselves from the crisis-stricken countries with claims, like "XXX is not Greece." Looking at the manufacturing PMI reports, some wag in Spain or Italy, may note that they are not Germany."

"Germany's PMI fell to 49.9 from 50.3 in the flash and 51.4 in August. Shocking."

"France saw its flash reading unchanged at 48.8. The two largest eurozone countries are below the 50 boom/bust level, though the PMI's signal of industrial output appears to have weakened."

EUR/JPY breaks through key support sub 139 handle

EUR/JPY is trading at 137.83, down -0.48% on the day, having posted a daily high at 138.83 and low at 137.69.
Read more Previous

GBP/USD drops to lows near 1.6170

The selling interest around the sterling seems to be taking over once again, dragging GBP/USD to the 1.6180/75 area....
Read more Next
Start livechat