Today's actions:
EURCHF: after an up-trend starting on October 23, a down-trend now appears to be emerging. we have set up a sell series with a target of 0.94204 with a start of 0.96050.
News
The ECB's policy to cool the eurozone economy and thereby contain high inflation is in danger of working a little too well. The European Central Bank now sees activity slowing to such an extent that highly indebted companies and households are increasingly defaulting. A significant increase in the number of defaults is in the offing, the institution states in the semi-annual Financial Stability Review.
Yesterday: Inflation expectations among US consumers have risen. The expectation is that monetary depreciation will amount to 4.5%, compared to 4.2% last month. Consumer confidence fell from 63.8 in October to 61.3 this month.
Numbers:
EUR French Flash Manufacturing PMI Is: 42.6 Expected: 43.2 Was: 42.8
EUR French Flash Services PMI Is: 45.3 Expected: 45.6 Was: 45.2
EUR German Flash Manufacturing PMI Is: 42.3 Expected: 41.1 Was: 40.8
EUR German Flash Services PMI Is: 48.7 Expected: 48.4 Was: 48.2
GBP Flash Manufacturing PMI Is: 46.7 Expected: 45.0 Was: 44.8
GBP Flash Services PMI Is: 50.5 Expected: 49.5 Was: 49.5
The PMI in Europe was variable, that of the UK better than expected.
EURCHF: after an up-trend starting on October 23, a down-trend now appears to be emerging. we have set up a sell series with a target of 0.94204 with a start of 0.96050.
News
The ECB's policy to cool the eurozone economy and thereby contain high inflation is in danger of working a little too well. The European Central Bank now sees activity slowing to such an extent that highly indebted companies and households are increasingly defaulting. A significant increase in the number of defaults is in the offing, the institution states in the semi-annual Financial Stability Review.
Yesterday: Inflation expectations among US consumers have risen. The expectation is that monetary depreciation will amount to 4.5%, compared to 4.2% last month. Consumer confidence fell from 63.8 in October to 61.3 this month.
Numbers:
EUR French Flash Manufacturing PMI Is: 42.6 Expected: 43.2 Was: 42.8
EUR French Flash Services PMI Is: 45.3 Expected: 45.6 Was: 45.2
EUR German Flash Manufacturing PMI Is: 42.3 Expected: 41.1 Was: 40.8
EUR German Flash Services PMI Is: 48.7 Expected: 48.4 Was: 48.2
GBP Flash Manufacturing PMI Is: 46.7 Expected: 45.0 Was: 44.8
GBP Flash Services PMI Is: 50.5 Expected: 49.5 Was: 49.5
The PMI in Europe was variable, that of the UK better than expected.