Friday’s focus will be on the flash PMI prints from the Eurozone and the US after the EUR/USD pair continued with its struggle to register any meaningful recovery, Haresh Menghani from FXStreet reports. Key quotes “The Philly Fed Manufacturing index surpassed even the most optimistic estimates and surged to 36.7 in February from 17 previous – marking the highest reading since February 2017.” “The shared currency remained depressed amid pessimism about the Eurozone economic fallout from the coronavirus outbreak – in particular the export-driven German economy.” “Weaker incoming economic data seemed to have fueled speculations for further policy easing by the European Central Bank.” “The market focus will be on the flash version of the Eurozone PMI prints. Softer readings might be enough to dent the already weaker sentiment surrounding the shared currency and prompt some fresh selling. “Later during the early North-American session, the US flash Manufacturing PMI will influence the USD price dynamics and further contribute towards producing some meaningful trading opportunities on the last day of the week.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: Attention on the downtrend – Commerzbank FX Street 2 years Friday’s focus will be on the flash PMI prints from the Eurozone and the US after the EUR/USD pair continued with its struggle to register any meaningful recovery, Haresh Menghani from FXStreet reports. Key quotes “The Philly Fed Manufacturing index surpassed even the most optimistic estimates and surged to 36.7 in February from 17 previous – marking the highest reading since February 2017.” “The shared currency remained depressed amid pessimism about the Eurozone economic fallout from the coronavirus outbreak – in particular the export-driven German economy.” “Weaker incoming economic data seemed to have fueled speculations for further policy easing by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
