Friday’s trade saw EUR/CAD within the range of 1.4270-1.4494. The
daily high has also been the highest level since December 17th, when a
high of 1.4566 was recorded. The pair closed at 1.4372, surging 0.62%
for the day, while marking a fifth consecutive daily gain. The cross
appreciated 3.25% for the whole week, which marked a second consecutive
weekly gain.
Activity in Italy’s sector of manufacturing probably improved in January, with the corresponding PMI rising to 49.0, as expected by experts. In December the PMI plunged to 48.4, which has been the lowest reading since May 2013, when the gauge was reported at 47.3. Markit Economics is expected to release the official data at 8:45 GMT.
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Fundamentals
Euro area
Manufacturing data
Spanish Manufacturing Purchasing Managers’ Index (PMI) probably showed a slight improvement in January, coming in at a reading of 54.2 from 53.8 in December. If so, this would be the 14th consecutive month, when the PMI remains in the zone above 50.0, indicating optimism (increasing activity). The official reading is to be published at 8:15 GMT on Monday.Activity in Italy’s sector of manufacturing probably improved in January, with the corresponding PMI rising to 49.0, as expected by experts. In December the PMI plunged to 48.4, which has been the lowest reading since May 2013, when the gauge was reported at 47.3. Markit Economics is expected to release the official data at 8:45 GMT.
Read more Click here / www.trade4x.net
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