Here are the key factors to keep in mind today for Euro trades:
- Eurozone Markit Composite PMI and Eurozone Services PMI: The final Eurozone Markit Composite PMI for October was reported at 53.9 and the final Eurozone Services PMI was reported at 54.1. Economists predicated a level of 54.0 and 54.2. Forex traders can compare this to the previous report which showed the Eurozone Markit Composite PMI at 54.0 and the Eurozone Services PMI at 54.2. The final Italy Markit Composite PMI for October was reported at 53.9 and the final Italy Services PMI was reported at 53.4. Economists predicated a level of 53.6 and 53.5. Forex traders can compare this to the previous report which showed the Italy Markit Composite PMI at 53.4 and the Italy Services PMI at 53.3. The final France Markit Composite PMI for October was reported at 52.6 and the final France Services PMI was reported at 52.7. Economists predicated a level of 52.3 and 52.3. Forex traders can compare this to the previous report which showed the France Markit Composite PMI at 52.3 and the France Services PMI at 52.3. The final German Markit Composite PMI for October was reported at 54.2 and the final German Services PMI was reported at 54.5. Economists predicated a level of 54.5 and 55.2. Forex traders can compare this to the previous report which showed the German Markit Composite PMI at 54.5 and the German Services PMI at 55.2.
- Eurozone PPI: The Eurozone PPI for September decreased by 0.3% monthly and by 3.1% annualized. Economists predicted a decrease of 0.5% monthly and 3.3% annualized. Forex traders can compare this to the Eurozone PPI for August which decreased by 0.8% monthly and 2.6% annualized.
Here are the key factors to keep in mind today for US Dollar trades:
- US ADP Report: The ADP Report is predicted to show 180,000 job creations in October. Forex traders can compare this to the ADP Report for September which showed 200,000 job creations.
- US Trade Deficit: The US Trade Deficit is predicted at $41.00 billion in September. Forex traders can compare this to the US Trade Deficit for August at $48.33 billion.
- US ISM Non-Manufacturing Index: ISM Non-Manufacturing Index for October is predicted at 56.5. Forex traders can compare this to the ISM Non-Manufacturing Index for September at 56.9.
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