EUR/USD sinks to near two-year lows as preliminary Eurozone PMI contracts – FXStreet
EUR/USD fell sharply as the US dollar strengthened and the Eurozone Composite PMI unexpectedly contracted. The Eurozone Services PMI surprisingly fell to 49.2, suggesting business activity contracted in November for the first time since January. The dollar strengthened as traders questioned the Fed's rate cut in December. EUR/USD hit a nearly two-year low near 1.0330 […]
Forex Today: US Dollar climbs higher as focus shifts to PMI data – FXStreet
Here's what you need to know on Friday, November 22nd. After a quiet European session, United States dollar (USD) It regained momentum late Thursday and continued to rise early Friday, reaching its highest level since October 2023 above 107.00. S&P Global releases preliminary Purchasing Managers' Index (PMI) for Germany, the Eurozone, and the United Kingdom […]
Gold Price Forecast: XAU/USD edges higher above $2,650 as traders brace for Chinese PMI data – FXStreet
Gold prices rose to $2,665 in early Asian session on Monday. Rising geopolitical tensions in the Middle East and Fed rate cuts are supporting gold prices. Investors are awaiting China's PMI to be released on Monday. Gold prices (XAU/USD) recovered to near $2,665 in early Asian trading on Monday. Precious metals have been buoyed by […]
Forexlive Americas FX news wrap 23 Sep: S&P Global PMI data mixed but with inflation – ForexLive
The US economic calendar was light with only the preliminary S&P Global PMI figure being released. The September 2024 S&P Global PMI data showed mixed performance across sectors. The U.S. services PMI came in at 55.4, slightly above the 55.2 expected but down from the previous month's two-year high of 55.7. However, the manufacturing PMI […]
GBP/USD weakens below 1.3350, UK/US PMI data in focus – FXStreet
In the Asian session on Monday, GBP/USD was trading weakly around the 1.3310 level. If expectations grow that the Fed will cut interest rates further later this year, the value of the U.S. dollar could fall. Attention will be on provisional UK/US PMI data for September on Monday. The GBP/USD pair fell to 1.3310, halting […]
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 […]