Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global Services PMI is 50. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
(A summary of the historic trading range after each event is not available for S&P Global Services PMI. Please check the candle charts instead.)
The trading range of EURUSD was pips following the most recent S&P Global Services PMI.
The most recent announced value for S&P Global Services PMI was 49.8 against a forecast of 50.2.
Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:
Country: | Italy |
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Currency: | EUR |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |
The value of S&P Global Services PMI has been announced.
Forecast | Actual |