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November 2015

Better than expected PMI data

Published: Monday 23 November 2015

The Euro dipped initially today against dollar but recovered mildly after better than expected PMI data. Eurozone PMI composite rose to 54.4 in November, up from 53.9 in October and hit the highest level since May 2011.

This afternoon is relatively quiet with some minor US employment data at 3pm. There will also be a mysterious FED announcement which has been pencilled in for 16:30 today. While it will more than likely be nothing of note, it is worth keeping an eye on.

As for tomorrow Glenn Stevens is making a speech which will be closely watched, followed by German GDP data due for release at 9am.