Did the U.S. manufacturing sector extend its stay in growth territory for February? Or was the January pickup just a fluke?
Traders are likely to look closely into the jobs and inflation components to get a better picture of what’s really going on in the industry.
Here’s what to look out for in the upcoming ISM manufacturing PMI report.
According to the Eurostat data released today:→ Core CPI Flash Estimate (YoY): actual = 2.7%, expected = 2.7%, previous = 2.8%;→ CPI Flash Estimate (YoY): actual = 1.8%, expected = 1.8%, previous = 2.2%. This news, coupled with yesterday’s statements from the Fed Chair, led to the EUR/USD rate dropping by over 1% from yesterday’s…
The usual market correlations appeared to be out of sync throughout the week, as asset classes were driven by more by individual catalysts than broad market themes. Still, some risk-off vibes were seen due to the lackluster reaction to China’s early week stimulus announcement and persistent geopolitical tensions. Meanwhile, U.S. markets appeared to draw…
Daily Pivots: (S1) 161.69; (P) 162.36; (R1) 163.24; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 163.86 continues. On the upside, break of 163.86 will resume the rise from 154.40 and target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside,…
Events to pay attention to today: 15:15 EET. USD – ADP Non-Farm Employment Change 21:00 EET. USD – FOMC Meeting Minutes GBPUSD: GBP/USD experienced a brief period of growth on Tuesday, followed by a decline, ending the day at 1.2500. This represents a 1.3% loss for the day. Cable traders are finding it challenging to…
Newsquawk Week Ahead: Highlights 17-21st February 2025 – Forex Trading Forum February 15, 2025 /Posted byGVI Forex / 160 / …
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