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If we go through the economic calendar it was relatively quite a day for the calendar. The Kiwi Dollar seemed in action at the start of the day. It was soo disappointing economic data for the US on Thursday the China Tensions Tested in the Market Risk in early.

In the Private Sector PMIs from the Eurozone, the UK and US will provide the direction on Friday that will put the geopolitics in Focus.

Key details include July’s prelim private part PMI numbers for France, Germany, and the Eurozone.

Expect performance part PMIs and the Eurozone’s composite to be the key drivers on the day. The ECB is searching for a utilization driven financial bounce back, putting control part action upfront.

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Jeffrey Halley

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