Second important release of the day missed its expectations. Euro continues the drop under 1.0960 after the German data showed a Manufacturing PMI of 51.5 and Services PMI of 53.7. Next support for the EURUSD at 1.0923.
Rally Team
The French PMIs were released below estimates. The Flash Manufacturing dropped under 50 (49.6), and the Services was released 52.0 vs an expected value of 53.9. EURUSD dropped fast 13 pips and it might continue the drop towards the 1.0923 support
Rally Team
In less than 10 minutes we will have the release of the MPC Official Bank Rate Votes. The markets are expecting for the votes to remain the same. Still the GBP rallied earlier today because of the hawkish position took by David Miles, one of the MPC members. A value like 2-0-7 could trigger another rally for the GBP.
Rally Team
The US economic releases have disappointed the market. The Non-Farm Payrolls were under estimates, 223K and the average hourly earnings remained unchanged. These triggered high volatility and a drop for the US dollar.
Rally Team
1.1100 round level is again under bears pressure. A break below this support could trigger a bigger drop for EURUSD. Next support is found at 1.1050.
Rally Team
Tsipras announced that he is ready to accept all conditions for the bailout. Waiting for the Greek Parliament.
Rally Team
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