The Traderszone Network

Germany Markit/BME PMI July flash report 22 July 2016
– 54.5 prev
– services 54.6 vs 53.2 exp vs 53.7 prev
– composite 55.3 vs 53.6 exp vs 54.4 prev
Better than expected but mftg less than previous and that’s tempering euro enthusiasm.

Currently 1.3232 treading water ahead of flash PMI at 08.30 GMT
Offers: 1.3260  
1.3270-75
1.3290-1.3300 (strong) 1.3320 1.3350 1.3380 1.3400
Bids: 1.3180 11.3120 1.3080

Investing luminary Peter Thiel has taken a stake in nextmarkets GmbH in its latest funding round.

Softer tones in early European trading 22 July 2016
– FTSE +0.1%
– DAX -0.3%
– CAC40 -0.3%
– FTMIB -0.5%
– IBEX -0.2%
In China the SCI closed down -0.9%, down -1.4% on the week. CS1300 Index -0.8%, down -1.6% on the week.

France Markit PMI July flash readings now out 22 July 2016
– 48.3 prev
– services 50.3 vs 49.5 exp vs 49.9 prev
– composite 50.0 vs 49.2 exp vs 49.6 prev
Better readings but euro unimpressed with mftg still in negative (less than 50) territory.

Proclaiming his support for new British PM Theresa May, former UKIP head Nigel Farage explained “she has said ‘Brexit means Brexit’ and I believe her,” before announcing plans for his European Referendum Tour during a much at the Republican national convention yesterday. Farage told Politico that he would start a tour of European cities in September to help spread the appetite for referendums on EU membership beyond the UK.

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Currently 105.93 off its lows but finding offers/res at 106.00 that I highlighted earlier
Offers: 106.20-25 106.50 107.25
106.00
106.70 106.85 107.00
Bids: 105.70