EURUSD Fundamental Analysis – November 23rd 2015

EURUSD Fundamental Analysis – November 23rd 2015

Written by: PaxForex analytics dept - Monday, 23 November 2015 0 comments

Here is the key factor to keep in mind today for Euro trades:

  • Eurozone PMI: The Eurozone Composite PMI is predicted to show a level of 54.0 in November. Forex traders can compare this to the Eurozone Composite PMI of 53.9 which was reported in October. The Eurozone Manufacturing PMI is predicted to show a level of 52.3 in November. Forex traders can compare this to the Eurozone Manufacturing PMI of 52.3 which was reported in October. The Eurozone Services PMI is predicted to show a level of 54.1 in November. Forex traders can compare this to the Eurozone Services PMI of 54.1 which was reported in October. The French Composite PMI is predicted to show a level of 52.5 in November. Forex traders can compare this to the French Composite PMI of 52.6 which was reported in October. The French Manufacturing PMI is predicted to show a level of 50.8 in November. Forex traders can compare this to the French Manufacturing PMI of 50.6 which was reported in October. The French Services PMI is predicted to show a level of 52.5 in November. Forex traders can compare this to the French Services PMI of 52.7 which was reported in October. The German Composite PMI is predicted to show a level of 54.0 in November. Forex traders can compare this to the German Composite PMI of 54.2 which was reported in October. The German Manufacturing PMI is predicted to show a level of 52.0 in November. Forex traders can compare this to the German Manufacturing PMI of 52.1 which was reported in October. The German Services PMI is predicted to show a level of 54.4 in November. Forex traders can compare this to the German Services PMI of 54.5 which was reported in October.

Here are the key factors to keep in mind today for US Dollar trades:

  • US Chicago Fed National Activity Index: The Chicago Fed National Activity Index for October is predicted at 0.08. Forex traders can compare this to the Chicago Fed National Activity Index of September which was reported at -0.37.
  • US Markit Manufacturing PMI: The Markit Manufacturing PMI for October is predicted at 54.0. Forex traders can compare this to the Markit Manufacturing PMI of September which was reported at 54.1.
  • US Existing Home Sales: Existing Home Sales for October are predicted to decrease by 2.7% to 5.40M. Forex traders can compare this to Existing Home Sales of September which rose 4.7% to 5.55M.

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