Negative macroeconomic statistics from Germany | 26 Tháng sáu 2023

26 Tháng sáu 2023, EUR/USD

Negative macroeconomic statistics from Germany

EURUSD trading plan:

German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary fresh survey showed. The HCOB German Flash Composite Purchasing Managers' Index, compiled by S&P Global, fell to 50.8 in June from 53.9 in May, below analysts' expectations for a reading of 53.5. Although the indicator was above the 50 level that marks growth in activity, the latest reading signalled a sharp slowdown in the rate of expansion to a four-month low. The index tracks the services and manufacturing sectors, which together account for more than two-thirds of Germany's economy. There was a combination of a slower rise in service sector business activity and a deepening downturn in manufacturing output, the report showed.

Investment idea: sell 1.0900 and take profit 1.0820.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .