PMI Manufacturing & Services in the US and Leading Economic Index are the main highlight on today’s outlook. Let’s see what awaits us today.
In Europe, Purchasing Managers Index (PMI) – Manufacturing Monthly release measuring business conditions purchasing managers from Illinois, Indiana and Michigan. An early indicator of ISM above 50 indicates expansion 61.1 points are expected in Europe and 57.5 in Germany, while on the PMI Services (indicator of the Euro Zone economic situation) 56.8 points are expected in Europe and 57 in Germany.
For more on the Euro, read the EUR/USD forecast.
In Japan, Coincident Index, based on several indicators measuring present economic conditions, is expected to be 106.8 points.
More in Japan, Leading Economic Index, based on 12 leading indicators aimed to predict economic conditions for the next 6-9 months, is expected to be 104 points.
That’s it for today. Happy forex trading!
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