Analysts at Nomura suggest that contrasting with the recent weakness in US growth is evidence of improvement in euro-area data (finally) as its PMI data, especially on the services side, has shown a pick-up from previous months. Key Quotes “With headline CPI, out this Friday, likely to remain on the high side, the market may have swung too far from extreme optimism on the euro area to extreme pessimism. This should support the euro.” “Meanwhile, many previously battered emerging market currencies such as the Mexican peso, Russian ruble and Turkish lira have bounced back, partly on lower US yields (on weaker US data), higher oil prices and event risks passing.” 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/USD scope for a visit to 1.1733 – Commerzbank FX Street 4 years Analysts at Nomura suggest that contrasting with the recent weakness in US growth is evidence of improvement in euro-area data (finally) as its PMI data, especially on the services side, has shown a pick-up from previous months. Key Quotes "With headline CPI, out this Friday, likely to remain on the high side, the market may have swung too far from extreme optimism on the euro area to extreme pessimism. This should support the euro." "Meanwhile, many previously battered emerging market currencies such as the Mexican peso, Russian ruble and Turkish lira have bounced back, partly on lower US yields (on… Top 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.
