Analysts at Danske Bank point out that it is time for euro area Flash PMI for July and is going to be the key economic release for today’s session. Key Quotes “PMI manufacturing has declined every month this year and we look for another small decline in the July reading from 54.9 to 54.4 as trade worries are expected to weigh on activity. However, the level for PMI is still clearly above the long-term average of 51.9. In the afternoon, we alongside consensus expect both the US manufacturing and Service PMIs to fall back slightly.” “The central banks of Turkey and Hungary both have rate announcements today, but both are expected to keep rates unchanged.” “Markets will be awaiting Wednesday’s meeting between US President Donald Trump and President of the EU Commission, Jean-Claude Juncker. Trump’s threat to impose tariffs on autos has increased tensions. However, his economic adviser Larry Kudlow has hinted that the US is negotiating with the EU. Therefore, a deal may be coming.” 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 Eurozone: Composite PMI likely to increase to 55.3 in July – Nomura FX Street 5 years Analysts at Danske Bank point out that it is time for euro area Flash PMI for July and is going to be the key economic release for today's session. Key Quotes "PMI manufacturing has declined every month this year and we look for another small decline in the July reading from 54.9 to 54.4 as trade worries are expected to weigh on activity. However, the level for PMI is still clearly above the long-term average of 51.9. In the afternoon, we alongside consensus expect both the US manufacturing and Service PMIs to fall back slightly." "The central banks of Turkey… 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.
