EZ flash PMI signals subdued business growth amid stagnant demand | Forex Factory

  • EZ flash PMI signals subdued business growth amid stagnant demand

    From markiteconomics.com

    The pace of eurozone economic growth remained subdued in May amid stagnant demand. Jobs growth slipped to the joint-lowest since 2016 as firms scaled back expansion plans in the light of weak sales. Optimism about the future meanwhile slumped to a four-and-a-half year low and inflationary pressures moderated as competition limited sellers’ pricing power. The IHS Markit Eurozone Composite PMI® recorded 51.6 in May, according to the preliminary ‘flash’ estimate, up only fractionally from 51.5 in April. The weak reading puts growth in the second quarter so far on a par with the lacklustre gain seen in the first ... (full story)

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OnlineAddict
May 23, 2019 3:38am
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Quoting k3nshinz3139
USD is king now.
Not for long...
Reply
Expo33
May 23, 2019 3:49am
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Quoting smctrader
As soon as Trump started threatening the EU with auto tariffs 18 months ago, the entire EU economy went to hell. Business confidence was completely sapped....add in the constant nonsense with Brexit, and it is no wonder the EU is slowing.
Wow, now you're assuming the victimhood role for the Eurozone. It's always someone else's fault.
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OnlineAddict
May 23, 2019 6:45am
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Quoting Guest
{quote} I suppose you still hung up on the idea that the EUR is going to be the king currency of the future which offers zero% interest backed by a Eurozone thats stagnating and failing, good luck with that ;-)
Nah, I think EU is a dump and it will only get worse. But EU = eur vs usd and unfortunately the US is a dump, too. So its just about which is the bigger dump and technicals.

I see no future in either places...future is in asia.
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Trader#3DC3
May 23, 2019 3:43am
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Quoting smctrader
As soon as Trump started threatening the EU with auto tariffs 18 months ago, the entire EU economy went to hell. Business confidence was completely sapped....add in the constant nonsense with Brexit, and it is no wonder the EU is slowing.
All Trumps fault then. Nothing to do with interest rates being at an all-time lows, and also still having 2.5 trillion of stimulus floating in the system. QE has failed to stimulate inflation since the financial crisis. Its been over 10 years and interest rates are still zero!!! There has not been enough fiscal stimulus in the zone and its been to dependent on monetary stimulus. Italy in a recession, Germany close to one , Brexit, anti establishment populism rising (Italy, France , UK etc..) , China slowing up and the knock on effect on the zone- The outlook is not good. EURUSD will be down to 1.05 before the end of this year.
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OnlineAddict
May 23, 2019 1:11pm
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Quoting Ghass1234
{quote} unfortunately yes for long , nothing is moving
Didn't take that long...
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jegas
May 23, 2019 3:05am
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French data's gain can't retain the following Eur Data's destroy,upcoming EU elections also drag the Euro to hell bottom.
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k3nshinz3139
May 23, 2019 3:28am
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USD is king now.
Reply
smctrader
May 23, 2019 3:11am
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As soon as Trump started threatening the EU with auto tariffs 18 months ago, the entire EU economy went to hell. Business confidence was completely sapped....add in the constant nonsense with Brexit, and it is no wonder the EU is slowing.
Reply
murtaza123
May 23, 2019 4:48am
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10 years and interest rates are still zero!!! There has not been enough fiscal stimulus in the zone and its been to dependent on monetary stimulus. Italy in a recession, Germany close to one , Brexit, anti establishment populism rising (Italy, France , UK etc..) , China slowing up and the knock on effect on the zone- The ou
Reply
Ghass1234
May 23, 2019 5:23am
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Quoting OnlineAddict
{quote} Not for long...
unfortunately yes for long , nothing is moving
Reply
AnniLi
May 23, 2019 3:08am
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Global economy in trouble bad for US stocks, Trump and just about everything - except the USD adn bonds. Batten down the hatches - whether you are into technicals or fundamentals.
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Trader#3DC3
May 23, 2019 3:49am
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Quoting OnlineAddict
{quote} Not for long...
Yes for long, its the reserve currency of the world and offers a good interest rate. I suppose you still hung up on the idea that the EUR is going to be the king currency of the future which offers zero% interest backed by a Eurozone thats stagnating and failing, good luck with that ;-)
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Trader#6A5E
May 23, 2019 3:23am
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58% long. More traders are long than short.
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