According to the experts of the Forex market, purchasing managers index (PMI) for the manufacturing sector of 18 countries of the eurozone in September fell to 50.3 points from 50.7 points in August level, evidenced by the final data research group Markit Economics. This level of the index is the lowest since July 2013. Preliminary data indicated a decrease in the index to 50.5 points. Analysts polled by Bloomberg, did not expect the change in estimate. The indicator value above 50 indicates an increase in activity in the economy, below this level – its decline.
The German PMI for manufacturing sector in September fell to 49.9 points from 51.4 points in August. Figure dropped below 50 points for the first time since June 2013, indicating the production slump.
«Despite the fact that most of the September report out worse than expected, we expect the recovery PMI manufacturing in Britain, perhaps even a full point, while the market expects an increase from 52.5 to 52.7 “- told analysts Forex-of Arsenal Fx journalists under” Forex News “portal” Market Leader “. Experts believe that the July and August data were too exaggerated, and therefore recovery indicators in September or October is very likely.
GBP / USD was unable to gain a foothold above the 1.62 mark before the publication of a report on PMI Britain , and went to a mark 1.6163 immediately after the release. British nervous in anticipation of the release of data PMI, as recent figures reflect a mixed picture of the UK growth and pointed to a slowdown in inflation. Index was 51.6 vs. 52.5 previously, being the lowest since May 2013 report convinced markets that the UK growth is unstable. To players again began to buy a pound, you have to get them to believe that the Bank of England, the first to raise rates, but so far only disappointing statistics. Couple moved to 1.6160, aiming at 1.6101.
«Central Pivot: GBP / USD today, October 1, is at 1.6223, below 1.6157 support levels are located, 1.6101 and 1.6035, and above – resistance levels are 1.6279, 1.6345 and 1.6401 “- analysts say the company’s Forex Arsenal Fx. Hourly Moving Averages deployed down and rolled down 200SMA and is 1.6317, and the daily 20EMA rolled down and is at 1.6334. Local RSI deployed down and is at 44.
Prepared analysts of Arsenal Fx for the portal “Market Leader»
No comments:
Post a Comment