Pound Sterling surges on robust expansion in UK flash PMI – FXStreet
The pound continues to trend higher against the US dollar following strong UK flash PMI data for August. The UK’s composite PMI expanded at a strong pace to 53.4. The main event this week will be speeches from Chairman Powell and Chairman Bailey in Jackson Hole. The British Pound (GBP) surged to nearly 1.3130 against […]
EUR/USD keeps just under 1.0700 as the spotlight turns to US PMI data next – ForexLive
EUR/USD daily chart Today’s decline has seen the pair return to Friday’s levels and test below the 1.0700 level. Last week’s close was slightly above this level so it will be interesting to see today if sellers gain more confidence and push below. For now, large option expiries at 1.0650-60 and 1.0700 are limiting price […]
USD/INR recovers ahead of India-US PMI data – FXStreet
The Indian rupee held firm on Thursday. Initial HSBC India PMI figures for May were mixed. Investors will be closely monitoring preliminary US PMI figures for May, due to be released on Thursday. The Indian Rupee (INR) recovered some lost ground on Thursday following mixed Indian Purchasing Managers’ Index (PMI) release. The HSBC Manufacturing PMI […]
Asian Stocks Poised to Gain, Chinese PMI Expands: Markets Wrap – Yahoo Finance
(Bloomberg) – Asian stock markets are expected to open higher on Monday after new inflation data didn’t do enough to change the view that the U.S. Federal Reserve will cut interest rates this year. Most Read Articles on Bloomberg Stock futures for the Nikkei 225 index rose while trading remained suspended in Australia and Hong […]
USD/JPY plunges to near 147.50 on speculation of Fed rate cuts in March, US PMI data eyed – FXStreet
share: The US dollar/yen pair fell due to expectations of a Fed interest rate cut in March. Japan's better-than-expected economic indicators may have supported the yen. The US dollar faces challenges due to weak US yields and improving risk appetite. The USD/JPY pair is trending lower as market confidence is restored on expectations […]