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 […]
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 […]