25 Mar 2014
A sleepy start to the week turning around? - Investec
FXStreet (Guatemala) - While there has been a pick up across some pairs today, Jonathan Pryor, Corporate Treasury Analyst at Investec noted that another sleepy Monday passed by yesterday with little event and we saw range bound movement in major currency pairs.
Key Quotes:
“PMI data from China, the Euro area and US all came in lower than expected, which dampened market sentiment."
"The Euro area PMI was a mixed bag, with the reading dragged down by disappointing German manufacturing figures, although France’s composite PMI registered growth for the first time in six months which helped buoy the euro”.
“US stocks fell as the day closed in London and we then moved into an equally uneventful overnight session where markets have remained fairly static."
Key Quotes:
“PMI data from China, the Euro area and US all came in lower than expected, which dampened market sentiment."
"The Euro area PMI was a mixed bag, with the reading dragged down by disappointing German manufacturing figures, although France’s composite PMI registered growth for the first time in six months which helped buoy the euro”.
“US stocks fell as the day closed in London and we then moved into an equally uneventful overnight session where markets have remained fairly static."