Australian Dollar strengthens as inflation measure increases in April, attention on US ISM Services PMI – FXStreet
The Australian dollar has gained strength following Prime Minister Anthony Albanese’s victory in securing a second three-year term during the 2025 federal elections. Australia’s Judo Bank Combined PMI reported a figure of 51.0 in April, indicating its seventh month of expansion. President Trump has confirmed he will not replace Federal Reserve Chairman Powell before his […]
EUR/USD dips close to 1.1300 as traders wait for US ISM Services PMI – FXStreet
The EUR/USD dropped on Monday amid concerns over potential trade tensions. President Donald Trump revealed plans for 100% tariffs on diplomatic production films, raising alarms about protectionist measures. The eurozone’s harmonized consumer price index held steady at 2.2% year-on-year in April, slightly exceeding the anticipated 2.1%. The EUR/USD hovered around 1.1320 during Monday’s Asian session. […]
AUD/USD recovers above 0.6200 on upbeat Chinese PMI data – FXStreet
The AUD/USD will rebound to around 0.6215 in the initial Asian session on Monday. China's NB was stronger than expected in February. Trump said he would impose an additional 10% tariff on China. The AUD/USD pair recovers the lost ground to nearly 0.6215 and snaps a six-day losing streak during the early Asian session on […]
Gold pops with several fresh all-time highs in a row on Wednesday ahead of US PMI final reading – FXStreet
Gold sees investors as the best hits ever on Wednesday, $ 2,877. Stocks are lower in Asia, which was resumed after the holidays of the Lunar New Year. Gold Seseraly has been growing to a streak of Afre Day. Gold prices (XAU/USD) gather five times in a row on Wednesdays, accounting for more than 2.5 […]
EUR/USD knocks on the door of 1.0500 after euro area PMI data – ForexLive
EUR/USD Daily Chart PMI data from France and Germany was certainly impressed, even if they still reflect the quite lukewarm economic situation. Even if there is a little concern about the price pressure with a more modest performance, a more modest performance needs to reduce the rate by putting ECB on the track. For now, […]
Australian Dollar holds gains as US Dollar corrects downwards ahead of ISM Services PMI – FXStreet
The Australian dollar continues to strengthen following Tuesday's release of building permit statistics. The total number of approved homes in Australia (seasonally adjusted) decreased by 3.6% month-on-month to 14,998 in November 2024. Traders are awaiting the release of the US ISM Services PMI later in the North American session. The Australian dollar (AUD) rose against […]
Futures higher, ISM manufacturing PMI ahead – what's moving markets – Investing.com
Investing.com – U.S. stock index futures rose on Friday, signaling a rebound from a negative start to the year on Wall Street that featured a decline in electric vehicle group Tesla (NASDAQ:) stock. Investors are looking forward to the release of factory activity data outside the United States, which could provide a glimpse into the […]
USD/INR remains firm ahead of US PMI release – FXStreet
The Indian rupee has attracted some sellers in early European trade on Friday. Continued strength in the US dollar and concerns about a slowdown in the Indian economy continue to weigh on the Indian rupee. The US December ISM Manufacturing PMI will be closely monitored. The Indian rupee (INR) widened its decline on Friday after […]
Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data – FXStreet
Gold prices are trading flat around $2,650 in early Asian session on Monday. Huge demand from central banks and safe-haven flows could support gold prices, but President Trump's tariff plans could cap the upside. Investors are bracing for preliminary US December PMI numbers to be released on Monday. Gold prices (XAU/USD) remained flat around $2,650 […]
EUR/USD tumbles below 1.0550 as traders await ECB’s Lagarde speech, US PMI data – FXStreet
EUR/USD lost momentum in Asian trading on Monday near 1.0530. Eurozone inflation rose to 2.3% year-on-year in November. The Fed's cautious stance has provided some support for the USD and is a headwind for EUR/USD. EUR/USD faces selling pressure near 1.0530 as the US dollar (USD) strengthens in early Asian trading on Monday. Investors will […]