Forexlive European FX News 22 Jan – Weak PMI’s accelerate risk off tone
Summary
By sueyangfx.com January 22, 2021 at 12:24PM De-risking into the weekend Other markets The session started with on after the strong gains seen this week in equity markets since Tuesday. That risk off tone accelerated as the PMI data from […]
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- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
January 22, 2021 at 12:24PM
De-risking into the weekend
Other markets
The session started with on after the strong gains seen this week in equity markets since Tuesday. That risk off tone accelerated as the PMI data from Europe presented a string of weak prints. First off, let’s look at the UK retail sales print which hit the GBP early in