Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
Eurozone HCOB Composite PMI declines to 51.9 in October vs. 52.7 expected
HCOB Composite Purchasing Managers' Index (PMI) in the Eurozone declined to 51.9 in October's flash estimate from 53.1 in September, showing that the business activity expanded at a softening pace. This print came in below the market expectation of 52.7.
In this period, the Manufacturing PMI fell to 52.4 from 52.9, while the Services PMI declined to 51.7 from 53.
Assessing the survey's findings, "the Eurozone economy starts the fourth quarter with businesses reporting further robust growth, the flash PMI being consistent with GDP growing at a 0.3% quarterly cadence," noted Chris Williamson, Chief Business Economist at S&P Global Market Intelligence.
"While that’s below the pace enjoyed in September it is still among some of the best performances seen over the past three years," Williamson added.
Market reaction to Eurozone PMI data
EUR/USD struggles to gain traction and trades in negative territory, slightly below 1.1200 following the PMI data.
Top Articles
1Brent: Uptrend resumes with $127 target – Societe Generale2Euro hits fresh 17-month lows against British Pound after Eurozone, UK PMIs3CEE FX: Risk-off and energy pressures cap regional currencies – ING4Pi Network Price Forecast: PI holds modest gains as mixed technicals curb upside5Japanese Yen: Set for further gains against US Dollar - UOB6UK S&P Global Composite PMI improves to 53.1 in October vs. 51.8 expected7Euro remains depressed after unimpressive PMIs; struggles near 1.1200 vs recovering USD8Russian Ruble: Policy pause likely as inflation risks linger – Commerzbank9New Zealand Dollar stalls below 0.5700 as Oil prices dent risk appetite
LIVE QUOTES
ALL ABOUT FOREX
Stop Loss: What It Is, How It Works and How to Set One
Margin Call Meaning: What It Is, What Triggers It and How to Avoid One
Top 15 Weakest Currencies in the World
Top 15 Strongest Currencies in the World
Is Forex Trading Halal?
Best Time to Trade Forex
Forex Trading vs Futures Trading
Forex Trading vs Stock Trading
Forex Trading vs Crypto Trading
Get Started!
Sign up and access the Global Markets in less than 3 minutes
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved