EUR/USD declines as robust US PMI boosts Dollar, attention on Powell
EUR/USD is expected to decrease by 0.40% as US PMI suggests improved business activity in August. The number of unemployed individuals has reached a three-month high, indicating a cooling labor market. Federal Reserve officials Hammack, Schmid, and Bostic express a hawkish stance, focusing on inflation control. The ECB anticipates keeping rates steady, though adjusted supply […]
The Fed’s Illusion of Inflation Confronts the PMI Truth
Inventory Inflation Stories and the Fed’s Perspective The Federal Reserve has been asserting for months that tariffs directly contribute to inflation. This isn’t just a casual observation; it’s presented as a firm belief that seems firmly rooted in their framework. Yet, the data tells a different story. Consumer prices haven’t soared in line with increased […]
EUR/USD remains steady near 1.1650 as markets anticipate US PMI data
The EUR/USD exchange rate remained steady around 1.1650 on Thursday as investors processed Eurozone PMI data alongside US employment statistics. A new trade framework between the US and EU has emerged, featuring most tariffs capped at 15%, focusing on energy, technology, and investment commitments. The number of initial unemployment claims in the US rose to […]
GBP/USD falls more as US PMI strengthens Dollar before Jackson Hole.
GBP/USD Continues to Decline Amid US Dollar Strength The British Pound (GBP) has seen its value drop for the fourth consecutive day against the US Dollar (USD) on Thursday, falling below the 1.3450 mark. As of now, GBP/USD is trading around 1.3435, largely driven by the strength of the dollar and mixed economic signals from […]
US PMI expected to indicate a slight decrease in August, with Manufacturing remaining in a contraction phase.
The S&P Global Flash PMI for August is anticipated to show slight declines from July figures. Investors are closely monitoring employment and inflation-related subindexes. The EUR/USD is trading in familiar ranges, lacking a distinct driver. S&P Global is set to release the Flash Purchasing Managers’ Index (PMI) for the US this Thursday. This private sector […]
Pound Sterling remains cautious before the preliminary UK-US PMI data
UK PMI Data Boosts Pound Sterling Pound Sterling is gaining strength against major currencies, aided by favorable preliminary PMI data compared to that of the UK for August. Officials at the Bank of England appear cautious about reducing interest rates further this year. Investors are keenly anticipating remarks from Fed Chair Jerome Powell at the […]
Forex Today: US Dollar rises slightly as attention turns to PMI data
Key Updates for Thursday, August 21st US Dollar (USD) is expected to maintain its strength against other currencies as market participants gear up for important economic data releases. Investors are particularly interested in the preliminary manufacturing and services Purchasing Managers’ Index (PMI) data from Germany, the Eurozone, and the UK. Later, the US will release […]
Australian Dollar remains stable following positive S&P Global PMI numbers
Aussie Dollar Hits Two-Month Low Amid Mixed Economic Data The Australian Dollar fell to a two-month low of 0.6418 on Thursday. Australia’s S&P Global Manufacturing PMI climbed to 52.9, with the Service PMI increasing to 55.1 in August. Recent FOMC meeting minutes indicate most members felt maintaining interest rates was the right decision. The Australian […]
EUR/USD remains below 1.1650 before Eurozone PMI data
EUR/USD remains subdued as traders look ahead to HCOB Purchase Manager Index data. The forecast for the Eurozone HCOB PMIs is 49.5 for manufacturing and 50.6 for services. FOMC meeting minutes revealed that most members considered keeping interest rates unchanged appropriate. After a slight uptick in the prior session, the EUR/USD remained low, hovering around […]
Euro holds onto its gains as the US Dollar dips following weak Services PMI.
The euro made a slight gain against the US dollar on Tuesday, even as investor sentiment remained cautious and momentum weakened. Recent US data offers a mixed view: while the S&P Global PMIs indicate resilience, the ISM services PMI shows a drop, highlighting concerns in employment and new orders. In the eurozone, although final PMI […]