EURUSD ignores the better data
The overall view is that of improvement in Europe's manufacturing sector
Aside from Spain and France posting lower numbers, there's been a pick up in activity. Other countries like the Netherlands, Switzerland and Russia posted improvements. The latter two moved out of contraction
For the Eurozone that's not made any difference to the euro which sits bang in the middle of the morning's range and it looks like only stellar news will do anything to lessen the threat of QE in December
EURUSD 15m chart
Many of you will be eyeing the gap and whether it fills. Who reckons it will?
