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The preliminary PMIs (Purchasing Managers Index) are due tomorrow in the Eurozone, and the chances are that they will beat expectations.
A positive surprise should bolster demand for the Euro, especially if we see numbers above the fifty level.
The forecast, though, does not support any PMI above the fifty level. As a reminder, when the PMI exceeds the fifty level, it shows an economic sector that expands, while below the level it shows contraction.…
The post Eurozone PMI’s May Surprise Markets Tomorrow appeared first on Vantage Point Trading.
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