Post Tagged with: "ISM Manufacturing PMI"
EUR/USD June 1 – Remaining Strong As Greek Deal Anticipated Soon
EUR/USD remains at a safe distance above high support as hopes that a Greek deal will be published as soon as tomorrow boost the common currency. Also US weakness aids the pair. We have important US data towards today. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals
Forex Weekly Outlook –May 30-Jun 3
US housing Data, GDP, Core Durable Goods Order and of course the Non-Farm Payrolls are the major events this week. Let’s review the market-movers awaiting us today. Fears about Greek restructuring have mounted once again, as it seems that the biggest opponents of this move are beginning to crack. How long will they withhold this
Asia’s issue with inflation borne out by India’s rate hike
King rules out rate rises in the UK Wellink open-minded about extending Greek debt maturities Eurozone PMIs give euro a modest lift Silver slips the most US ISM data softens but prices remain firm In a surprise move, India’s central bank lifted the repurchase rate by a greater-than-expected 50bp overnight to 7.25% in response
ISM Manufacturing PMI Surprises – Dollar Isn’t Cheered
The manufacturing sector in the US is undergoing a smaller slowdown than expected. The ISM Manufacturing PMI dropped to 60.4 points. A drop to 59.9 was expected. But the dollar doesn’t rise. EUR/USD traded at around 1.4845 before the release. USD/JPY fell to 81.30 and GBP/USD was under 1.67 before the publication. All pairs are
EUR/USD May 2 – Recovering From Bin Laden
EUR/USD is rising once again in the range after falling earlier on the news that Osama Bin Laden was killed. Obama 1, Osama 0 is the score, but the picture in EUR/USD is more complicated, with more factors moving the pair. Here’s a quick update on technicals, fundamentals and what’s going on in the markets.
Forex Weekly Outlook –May 2-6
US employment data and Australian, British and European rate decisions are the main events this week. Here is an outlook for this week’s market-movers. Will the blow that the dollar got from Ben Bernanke continue to push the dollar lower? Or will it consolidate as the market is calmer after the news? Economists believe that
EUR/USD Apr. 1 – Will it Break Out of the Frustrating Range?
EUR/USD falls within the range as the week is about to end with a climax – Non-Farm Payrolls. A lot of factors are pushing the pair in both directions. Will we get a breakout out of the frustrating range? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: A calm
Forex Daily Outlook – April 1 2011
Non-Farm Employment Change in the US, Manufacturing PMI in the UK and much more. Let’s see what awaits us today. In the US, Non-Farm Employment Change, number of employed people during the previous month, excluding the farming industry is about to reduce by 1K. Leading indicator of consumer spending, which accounts for a majority of
Forex Weekly Outlook –Mar 28-Apr 1
U.S. CB Consumer Confidence, Pending Home Sales and of course American Non-Farm Payrolls are among the highlights of this week. Here is an outlook for the major market movers. Sales of new single-family homes plunged 16.9 % to a seasonally adjusted 250,000 the lowest since records began in 1963, after a 301,000 gain in January.
Trepidation sets the market tone
Bernanke relatively relaxed on energy prices New Zealand dollar lower on rate cut speculation US manufacturing setting a blistering pace The plucky pound Germany et al not keen to re-negotiate Irish loan terms Guest post by FxPro Markets remain in defensive mood, given the escalation of events in Libya and also the increased fears regarding Saudi