German Flash PMIs below expectations
May German Flash Manufacturing at 58.2 against a previous 62.0 and an expected 61.0.May German Flash Services at 54.9 against a previous 56.8 and an expected 57.0.May German Flash Composite at 56.4 against an expected 59.9
Immediately at the time of the release the EUR/USD slipped around 12pips, the pair remained trending lower to day’s lows at 1.3996 minutes after the release.
Comments from ECB’s Nowotny are being published around the same time of the release as well – and could have also pressured the Euro further.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
