Post Tagged with: "ISM Non-Manufacturing PMI"
Risk Aversive Trading Triggered As US Services Sector Slows Down
American ISM Non-Manufacturing PMI fell to 52.8 points, well below expectations of 57.9 points. This significant slowdown in the economy extends the losses of the greenback against the “safe haven” currencies, but stops the falls against other currencies.. EUR/USD is now retreating to 1.4920 after already hitting 1.4940. Also GBP/USD and AUD/USD are retreating. The initial
EUR/USD May 4 – Rising on Portuguese Hopes
EUR/USD is moving quickly higher and approaching a tough resistance line as the market is cheered by the bailout deal with Portugal and reflects less fear about Greece. We have quite a few market movers coming up later. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian
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
Forex Daily Outlook – April 5 2011
Very busy day with FOMC Meeting Minutes in the US, Services PMI in the UK and much more. Let’s see what awaits us today. In the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI); Survey of about 400 purchasing managers to rate the relative level of business conditions. Indicates industry expansion
Forex Weekly Outlook –April 4-8
Ben Bernanke’s speech in Atlanta, Rate decision in Australia, Japan, U.K. and the Euro-Zone are the major events this week. Here is an outlook on the coming market-movers. The index of consumer confidence fell to 63.4 in March from a revised 72.0 in February. Analysts expected a decline to 64.9. Rising oil prices together with
EUR/USD Mar. 3 – Hesitant on High Ground
EUR/USD managed to settle on higher ground, but the break is very cautious. It’s a busy day with the ECB meeting and last hints for the Non-Farm Payrolls. Will it hold to these gains? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees Euro/Dollar around 1.3860. Current
Forex Weekly Outlook – Feb 28-Mar 4
US Housing Data, Canadian Rate Decision and US Employment data are just a few of the numerous market movers scheduled this week. Here is an outlook on the events ahead. American consumers confidence surged to 70.4 in February, the highest level in three years, thanks to better prospects for the economy and jobs. Although Consumer
EUR/USD Feb 3 – Tense Range Trading Before ECB
EUR/USD is trading in a high range, as tension mounts towards Jean-Claude Trichet’s rate decision and as the Egyptian crisis escalates. Will it break higher on this busy day? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Very quiet trade around 1.38. Current range – 1.3760 to 1.3830. Further
Forex Weekly Outlook – Jan 31-Feb 4
US Employment Data as well as ISM Purchasing Managers’ Index are the main events on this busy week. Here is an outlook on the major market movers. Following the US rate meeting, the Fed said that despite signs if a real recovery, high unemployment still calls for the continuation of the $600 billion bond-buying program.
ISM Services PMI Surprises – Dollar Extends Gains
The good news continue to flow from the US: ISM Non-Manufacturing PMI scored 57.1 points, significantly higher than 55.6 that was predicted. This gives an additional boost to the greenback, with EUR/USD aiming for the next support line. Expansion of the services sector is now in line with that of of the manufacturing sector –