Here is what you need to know on Thursday, May 22: The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April…
China’s Services Purchasing Managers’ Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday. The data missed the market forecast of 51.7 in the reported period by a wide margin. AUD/USD reaction to China’s Services PMI The Chinese proxy, the Australian Dollar (AUD) remains deep…
The ISM Manufacturing PMI remained in contraction territory below 50 in April. US Dollar Index stays in positive territory near 100.00 after the data. The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March….
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of…
Annual inflation in Germany declined slightly to 2.2% in March. EUR/USD continues to trade in daily range above 1.0800. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2.2% on a yearly basis in March from 2.3% in February, Destatis’ flash estimate showed on Monday. On a…
Here is what you need to know on Thursday, February 6: Major currency pairs stay relatively quiet early Thursday as investors gear up for the upcoming key events. The Bank of England (BoE) will announce monetary policy decisions. Governor Andrew Bailey will speak on the policy outlook and respond to questions in a press conference…
Citing government sources, Germany’s newspaper Handelsblatt reported on Friday that the government lowered its economic growth projection for 2025 to 0.3%, down from previous estimate of 1.1%. Market reaction The German growth projection fails to move the needle around the Euro, as EUR/USD rallies 0.77% on the day to near 1.0500. Source link
The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November….
Here is what you need to know on Friday, December 13: The US Dollar (USD) Index continues to push higher early Friday and trades at its strongest level in over two weeks above 107.00 after closing in positive territory every day this week. Eurostat will publish Industrial Production data for October and the US economic…