Today’s FX Update: Key PMIs in Europe and the US Take Center Stage
The US Dollar (USD) experienced some fluctuations on Thursday, switching directions several times. With ongoing government shutdowns impacting investor sentiment and a lack of new data, traders seemed to be concentrating more on political and geopolitical developments in the US. What to expect on Friday, October 3rd: The US Dollar Index (DXY) found some stability […]
EUR/USD remains stable as Powell’s position and low PMIs support the Euro’s rise.
As Powell mentioned, EUR/USD remains relatively stable. Both the US and Eurozone Flash PMI reports indicate a slow down in business activity, raising concerns about GDP growth. While the Fed anticipates a rate cut in October, the ECB seems poised to maintain its current rates, lending some support to EUR/USD. The EUR/USD pair climbed above […]
European FX news summary: Looking ahead to the US PMIs and more comments from the Fed
Market Update: Economic Indicators and Reactions The trading session was quite subdued, with only a handful of financial reports making headlines. The standout reports were the Flash PMIs for the Eurozone and the UK. The Eurozone PMI, particularly on the services side, showcased a positive trend. Hcob noted, “The Eurozone is still on a growth […]
EUR/USD pulls back from peaks as attention shifts to Eurozone preliminary PMIs
Euro Finds Stability Above 1.1800 Mark After Mixed PMI Data The euro recovers to around 1.1785, moving above the 1.1800 threshold following a mixed bag of Eurozone flash PMI results. While the Eurozone’s manufacturing sector showed an unexpected decline in September, the services sector experienced growth. Looming later in the day are US flash PMIs […]
What is the schedule for the HCOB German/Eurozone flash PMIs and what impact might they have on EUR/USD?
Mixed Signals from German PMI Data German manufacturing’s PMI dropped to 48.5 in September, missing the 50 mark that was anticipated. The Service PMI for Germany saw a significant increase, rising to 52.5, much higher than the expected 49.5. EUR/USD is trading close to 1.1800 following these mixed PMI results. In September, the German manufacturing […]
EUR/USD rises even with poor EU PMIs, Middle East tensions influence mood
The Euro Shrugs off Poor HCOB PMI as German Data Shows Mild Improvement The Euro is surprisingly resilient amid poor HCOB PMI reports. Following an attack on Iran’s nuclear sites, Iran retaliates by targeting a US base in Qatar. Market participants await key testimonies from Powell, German IFO data, and comments from the ECB this […]
EUR/USD drops below 1.13 as robust US data weakens Eurozone PMIs
While ECB officials expressed cautious optimism, the euro was affected by a weaker-than-expected EU PMI. The US PMI exceeded predictions, demonstrating economic resilience and bolstering the dollar. Trump’s budget advances in the House, further lifting the US dollar amid fiscal momentum. In the currency market, the EUR/USD pair was impacted by the release of better-than-expected […]
EUR/USD experiences a slight drop as Eurozone PMIs fall unexpectedly
Unexpectedly low Euro Zone PMI data in May leads to a drop in EUR/USD to around 1.1310. President Trump cautions that Russia may not agree to end the war in Ukraine. ECB’s Nagel expresses hope for a trade agreement between the EU and the US. During European trading on Thursday, EUR/USD came under selling pressure, […]
PMIs back in focus to wrap up the week – ForexLive
The dollar fell in trade yesterday, but the major currency block has not shown any significant changes so far outside of today's Japanese Yen. USD/JPY has remained rather unstable, returning to levels above 150.00 since yesterday's US trading. The previous lows touched on 149.27, but since September 149.22, I'm shy and shy about my 50.0 […]
Morning Bid: Monitoring dollar, DeepSeek and China's PMIs By Reuters – Investing.com
Written by Jamie McGeever (Reuters) – Future outlook for the Asian market. A crucial week for global markets begins in Asia on Monday. Investors are still trying to gauge whether the narrative of “American exceptionalism” is losing its luster as they weather a blizzard of headlines about President Donald Trump's likely economic policies. Last week, […]