The latest set of IHS Markit PMIs picked-up from recent lows but Eurozone GDP is still likely to hit just 0.1% to 0.2% in Q3 while Germany looks to be heading into a technical recession.
EURUSD extends the decline from the previous week and approaches the monthly-low (1.1027) as the Bundesbank, Germanys central bank, warns of an economic “slump.”
Gold prices may fall, making good on bearish technical cues as haven demand and a rethink of the Fed policy outlook drive the US Dollar