Euro Area Markit Manufacturing PMI
The Markit Manufacturing Purchasing Manager's Index evaluates the performance of the manufacturing sector in the Euro Area and is based on a survey of 3,000 manufacturing businesses. Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland, and Greece all have national data collected. Estimates suggest that these countries account for 90% of all manufacturing activity in the Eurozone. A total of five distinct indexes are used to calculate the Manufacturing Purchasing Managers Index, which is weighted according to the following parameters: New Orders (30%), Output (25%), Employment (20%), Supplier's Delivery Times (15%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in the same direction as the other indicators. A rating of greater than 50 indicates that the manufacturing sector has expanded in the preceding month, a reading of less than 50 suggests contraction, and a reading of 50 shows no change.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0719 -41 pips |
1.0843 -83 pips |
1.07599 | |
| EURAUD |
|
|
1.6221 -30 pips |
1.6372 -121 pips |
1.62511 | |
| EURJPY |
|
|
156.2831 -842 pips |
165.4439 -74 pips |
164.700 | |
| EURCAD |
|
|
1.4640 -85 pips |
1.4739 -14 pips |
1.47252 | |
| EURCHF |
|
|
0.9592 -151 pips |
0.9826 -83 pips |
0.97430 | |
| EURCZK |
|
|
25.3748 +3648 pips |
0 +250100 pips |
25.01000 | |
| EURGBP |
|
|
0.8560 -16 pips |
0.8606 -30 pips |
0.85760 | |
| EURHUF |
|
|
383.9147 -530 pips |
390.8705 -165 pips |
389.22 | |
| EURNOK |
|
|
10.9959 -7145 pips |
0 +117104 pips |
11.7104 | |
| EURNZD |
|
|
1.7762 -137 pips |
1.7985 -86 pips |
1.78993 |
News (EUR)
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
RTTNews | 23h 41min ago
European Economics Preview: Eurozone Jobless Data Due
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET.
RTTNews | 1 day ago
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
RTTNews | 4 days ago
