What is the timing of the US S&P Global PMI data and what impact might it have on EUR/USD?
US Breaking PMI Overview The initial data for the US S&P World Purchasing Managers’ Index (PMI) for January is set to be announced today at 2:45 PM (Japan time). Early estimates suggest that the US headline PMI increased more quickly, reflecting improvements in both the manufacturing and services sectors. The overall PMI for December stood […]
EUR/USD approaches recent highs with support before US PMI data is released.
The EUR/USD exchange rate has seen a slight drop, currently hovering just above 1.1730 on Friday. Still, it has managed to hold on to much of yesterday’s gains and is headed for its best weekly result since June. However, the preliminary Purchasing Managers’ Index (PMI) figures from the Eurozone didn’t offer much boost to the […]
Australian Dollar rises after PMI data release
Australian Dollar Gains Against US Dollar The Australian dollar saw a slight increase against the US dollar on Friday, marking its second consecutive day of gains. The AUD/USD pair remained in focus as Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) preliminary reading for January came in at 52.4, up from 51.6 previously. The Services […]
Former cryptocurrency miners constructing a 430 MW data center in a hidden location.
Applied Digital Begins Work on New Data Center Applied Digital, originally focused on cryptocurrency mining, is now stepping into the AI infrastructure space. They’ve kicked off construction for a 430 MW data center in the southern United States, although they haven’t disclosed its exact location yet. However, the company has previously faced opposition in other […]
Coupang Investors Demand U.S. Investigation into South Korea’s Management of Data Leak, Sen. Mike Lee Claims ‘Persecution’
On Thursday, two significant investors in Coupang urged the Trump administration to look into South Korea’s actions following accusations of “unprecedented persecution” by Senator Mike Lee (R-Utah). Greenoaks and Altimeter, both tech investors in the e-commerce firm, voiced concern after a substantial data breach cost them billions. In response, Coupang criticized what it termed a […]
EUR/USD rises slightly as lower US Dollar balances strong US data
The euro (EUR) saw a slight increase against the U.S. dollar (USD) on Thursday, largely driven by a general weakness in the dollar itself. Traders seemed to overlook some strong economic indicators from the U.S. At this point, EUR/USD is hovering around 1.1742, bouncing back from the previous day’s dip. Recent data from the U.S. […]
Murders in the US reach the lowest rate since 1900, new data reveals a national trend
Crime Rates Drop in DC Post-Trump’s Policies Chad Bianco, the sheriff of Riverside County in California and a gubernatorial candidate, recently shared his insights on “Fox & Friends Weekend” regarding the shift in crime rates since President Trump’s administration. This discussion comes amidst Democratic leaders resisting Trump’s strict crime measures, particularly in relation to defunding […]
Forex Today: Sentiment brightens as EU-US tensions ease, focus shifts to US data
Market Update for January 22nd The atmosphere in the markets brightened as the week progressed, particularly with the reduction of tensions between the United States and the European Union. Today, the U.S. Bureau of Economic Analysis will provide updated data on third-quarter gross domestic product (GDP) as well as personal consumption expenditure (PCE) figures for […]
Data breach at Illinois DHS reveals personal records of 700,000 residents
Residents of Illinois are once again reminded about the vulnerability of government data systems. The Illinois Department of Human Services (DHS) has reported a data breach that affected the confidential records of around 700,000 individuals. This breach reportedly involved two main types of records. The first consists of personal and program-related information linked to over […]
Asia-Pacific FX news summary: Kiwi gains from strengthening data
Market Overview Markets experienced declines as investors anticipated the U.S. trading to fully restart after the holiday break. In New Zealand, the latest data surprised positively, with the services PMI moving back into expansion territory, which in turn bolstered the NZ dollar and provided support for the Australian dollar. Japan faced worsening conditions in its […]