Analysts at TD Securities are looking for Germany’s manufacturing PMI to fall another 1pt lower in August to 42.2 (market 43.0), which would be a new post-GFC low, as the trough during the Eurozone crisis was 43.0 in July 2012 (the month of Draghi’s “whatever it takes” moment). Key Quotes “The services sector in general should hold up better, as it’s less exposed to the downside from global trade tensions. We look for the French services PMI to slip to 51.8 (mkt 52.5).” “We also have the ECB minutes at 12:30pm BST today, which may give us some further colour around the ECB’s policy discussions at last month’s meeting. However, in the July Q&A, Draghi did say that the Governing Council did not discuss rate cuts or other specifics (size of rate cut, PSPP limits) at that meeting, so we’re unlikely to get as much detail as we would like.” 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 Trading services for BTC, ETH, and BCH initiated by Ratuken Wallet FX Street 4 years Analysts at TD Securities are looking for Germany's manufacturing PMI to fall another 1pt lower in August to 42.2 (market 43.0), which would be a new post-GFC low, as the trough during the Eurozone crisis was 43.0 in July 2012 (the month of Draghi's "whatever it takes" moment). Key Quotes "The services sector in general should hold up better, as it's less exposed to the downside from global trade tensions. We look for the French services PMI to slip to 51.8 (mkt 52.5)." "We also have the ECB minutes at 12:30pm BST today, which may give us some further colour… 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.
