UK Manufacturing PMI: Friday, 8:30. Manufacturing PMI came in at 50.1 in June, just above the 50.0 mark, which separates contraction from expansion. The initial estimate for July stands at 52.0.
Eurozone PMIs: Friday, 7:15 in France, 7:30 in Germany, and 8:00 for the whole eurozone. In Germany and the eurozone, manufacturing PMIs rose sharply in May, but remain in contraction territory. The German PMI rose from 36.6 to 45.2, while the eurozone indicator climbed from 39.4 to 47.4. French Manufacturing PMI improved to 52.3, which indicates expansion. In Germany and the eurozone, initial readings for July are projected to improve but remain in contraction territory, with estimates of 48.0 and 49.6, respectively. In the services sector, German PMI is expected to rise to 50.1 just above the 50.0 threshold, which separates contraction from expansion. The eurozone index is expected to improve to 51.0 and the French indicator to 52.3.
UK Services PMI: Friday, 8:30. After showing deep contraction in April, with a read of just 12.3, the index has recovered. In June, the index improved to 47.0 and the initial estimate for July stands at 51.1, which indicates slight expansion.
US Manufacturing PMI: Friday, 13:45. The PMI has not posted a reading showing expansion (above 50.0) since February. The index improved to 49.8 in June, up sharply from 39.8 beforehand. The upward trend is expected to continue, with an estimate of 52.0.
US Services PMI: Friday, 13:45. In June, the PMI climbed from 36.9 to 47.9. The estimate for July stands at 51.0.
USD
US Manufacturing PMI
US Services PMI
EUR
Eurozone PMIs
GBP
UK Manufacturing PMI
UK Services PMI
- EURUSD
Update: Targets have been hit. The chart above shows that the pair is trading above a strong support level that is 1.1500. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1630.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.1630 ▪ 1.1600 ▪ 1.1590 |
▪ 1.1500 ▪ 1.1480 ▪ 1.1450 |
We are bullish as long as the pair is trading above the level of 1.1500. |
- GBPUSD
Update: Targets have been hit. The chart above shows that the pair is trading above a strong support level that is 1.2650. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2750 followed by 1.2800.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2800 ▪ 1.2750 ▪ 1.2725 |
▪ 1.2650 ▪ 1.2620 ▪ 1.2600 |
We are bullish as long as the pair is trading above 1.2650. |
- GOLD
Update: Targets have been hit. As could be seen on the chart above that the pair is trading above the level of 1850. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1890 followed by 1905.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1910 ▪ 1905 ▪ 1890 |
▪ 1850 ▪ 1830 ▪ 1815 |
We are bullish as long as the pair is trading above the level of 1850. |
- AUDUSD
Update: Targets have been hit. The chart above shows that the pair is trading in a very tight range between 0.7034 (resistance) and 0.6770 (Support). If the pair breaks through the level of 0.7034, it might continue going upwards to reach the level of 0.7150.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7150 ▪ 0.7100 ▪ 0.7034 |
▪ 0.6770 ▪ 0.6740 ▪ 0.6700 |
We are bearish as long as the pair is trading below the level of 0.7034. |
- GBPJPY
Update: No changes. The chart above shows that the pair is trading below a strong resistance level that is 136.30. Therefore, we are bearish as long as the pair is trading below it. Our first target is 135.00 followed by 134.50.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 137.00 ▪ 136.50 ▪ 136.30 |
▪ 135.30 ▪ 135.00 ▪ 134.50 |
We are bearish as long as the pair is trading below the level of 136.30 |
Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.
