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German PMIs come in mixed – EUR/USD remains low

According to Markit’s flash purchasing managers’ indices, Germany continues growing. However, manufacturing is stuck in low growh at 50.9 points, unchanged from January, while services advances more than expected with a rise to 55.5 points, reflecting strong growth.

EUR/USD remains on low ground, around 1.1330.

Markit was expected to report an advance in manufacturing PMI to 51.8 points in February, from 50.9 in the final read for January. For the services sector, an advance from 54 to 54.3 was predicted.

Euro/dollar  was trading on the back foot due to worries about Greece, around 1.1327.

French PMIs were mixed, with a fall in  manufacturing but a leap in services. The all European  numbers which are both expected to remain above 50 points.

Greece is currently left, right and center.

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German purchasing managers indices technical analysis euro dollar February 20 2015

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.