USD/JPY declines as investors turn to the Yen following disappointing US PMI figures
ISM Manufacturing PMI in US May Shows Weakness ISM manufacturing PMI in the US has fallen to a six-month low. USD/JPY continues to decline as demand for the safe-haven yen increases. The US dollar struggles against major currencies amid concerns over Trump’s tariffs. The Japanese yen benefits from its status as a safe haven, with […]
Forex Today: Focus shifts to May PMI figures from key economies
Financial Market Overview – May 22nd Here’s what’s happening on Thursday, May 22nd: Activity in the financial markets is relatively subdued this morning. Investors are eyeing the upcoming Purchasing Managers’ Index (PMI) data from Germany, the Eurozone, the UK, and the US. Additionally, today’s US economic calendar includes weekly unemployment claims and existing home sales […]
Australian Dollar rises as US Dollar falls before PMI data
The Australian dollar is expected to gain as the US dollar weakens on Thursday. Australia’s manufacturing PMI held steady at 51.7 in May, while the service PMI is projected to drop to 50.5. Federal Reserve officials attribute the decline in consumer and business confidence to shifts in U.S. trade policies. The Australian Dollar (AUD) is […]
GBP/USD approaches 1.3450 as UK PMI data is awaited.
GBP/USD is poised to gain as the US dollar weakens following Moody’s downgrade of the US credit rating. Federal Reserve officials have expressed partial disapproval of recent changes to US trade policy, citing concerns over fluctuating consumer and business confidence. Pound Sterling is benefiting from unexpectedly high UK inflation data released on Wednesday. GBP/USD is […]
US Dollar Index stays below 100.00 before ISM Services PMI – FXStreet
The US dollar index is holding steady as speculation around the US trade situation grows. Trump has indicated that trade talks with China are still in progress, though there are no direct discussions planned for this week. Trump also stated he won’t try to replace Federal Reserve Chairman Jerome Powell before his term is up […]
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, […]