The EUR/USD played in the Asian session on Tuesday a new low of 2021 and of the last 16 months at 1.1226. The pair regained momentum at the European open, rising to a daily high of 1.1264, but at time of writing it has moderated the move and is trading above 1.1245, gaining 0.08% on […]
Tag: SMEs
Services PMI weakens to 54.6 in October
The Markit’s services PMI for the euro zone has fallen to 54.6 points in October from 56.4 in September, slightly worsening expectations that placed it at 54.7. This is the third consecutive month of declines in the indicator, which has reached its lowest level in six months, specifically since April. According to the statement from […]
Services PMI meets expectations and loses momentum in October to 52.4
The Markit’s services PMI for Germany has fallen to 52.4 points in October from 56.2 September, as expected. This is the third consecutive month of declines in the indicator, which has reached its lowest level in six months, specifically since April. According to analysts at IHS Markit, the month of October reflects the loss of […]
Final Services PMI revised sharply upwards to 59.1 in October
The final UK services PMI is revised up to 59.1 in October. GBP / USD remains above 1.3600 following UK data. The focus is on the ISM services PMI and the ADP report ahead of the critical Fed decision. UK service sector activity expanded more than expected in October, as confirmed by the IHS Markit […]
AUD / USD rises to daily highs near 0.7450, focus remains on FOMC
Upbeat Chinese data helps AUD / USD gain some positive traction on Wednesday. A dovish USD demand remained supportive for the pair, although the rally lacks continuation. Investors seem reluctant to open aggressive positions ahead of the FOMC’s critical decision. The pair AUD/USD has moved higher during the first part of the European session and […]
Caixin services PMI rises to 53.8 in October, a positive surprise
China’s Caixin services PMI for October stood at 53.8 points compared to the expected 50.7 and rising from 53.4 in the previous month, which shows that the country’s service activity continues to expand in the reported month. The growth rate was the faster and stronger seen since July, although slightly softer than the long-term series […]
German and Eurozone Manufacturing PMI Data Fall More Than Expected in October
The Markit’s manufacturing PMI for Germany is down six tenths in October, standing at 57.8 points from 58.4 in September, below the 58.2 expected by the market. This is the worst result recorded by the indicator since January 2021. According to the statement from IHS Markit, the German manufacturing sector remains afflicted by supply chain […]
EUR / USD hovers around 1.1580 following mixed US PMI data.
The EUR starts November on the right foot after printing its third consecutive month of losses. Market sentiment is mixed, slightly boosting the shared currency against the dollar. The US ISM Manufacturing PMI figure was better than expected, but lagged behind the September reading. The shared currency November begins on the right foot, advancing 0.24%, […]
Final manufacturing PMI revised up to 57.8 points in October, above estimates
UK manufacturing activity expanded in October, as confirmed by the final report of the IHS Markit on Monday. The Purchasing Managers Index Seasonally adjusted IHS Markit / CIPS Manufacturing PMI has been revised up from 57.7 to 57.8 in October, exceeding expectations of 57.7. Key points The growth of new orders is higher despite the […]
Major currencies tread water ahead of US PMI.
This is what you need to know to trade today Monday, November 1: The US dollar outperformed its rivals on the last trading day of October and the US dollar DXY index rose to its highest level since mid-October. At the start of the new month, the major currency pairs remain relatively quiet and trading […]