The European session released a slew of manufacturing and services PMIs for July. Let’s take a look at some key ones and assess EUR/USD’s reaction. Manfuacturing PMIs (current, forecast, previous) France (47.6, 48.5, 48.2) Germany (52.9, 52.2, 54.6) Eurozone (51.9, 52.0, 51.8) Services PMIs: France (50.4, 48.9, 48.2) Germany (56.6, 54.7, 51.8) Eurozone (54.4, 52.7, 52.8) We also had a slightly better than expected Spanish unemployment report. The 24.5% is an improvement, but is still elevated. Spanish Unemployment (Q1): 24.5%, forecast: 25.9%, previous: 25.9% While today’s data points point to growth picking up in ... (full story)