USD/CAD has pulled back to the 1.2750 area after previously testing key resistance above 1.2750. The focus remains very much on geopolitics, with US President Biden just announcing new sanctions against Russia. In choppy trading conditions, as forex market participants watch developments in the rapidly escalating Russia/Ukraine crisis, the USD/CAD rallied to test key resistance […]
Tag: United States
Markit Manufacturing PMI rises to 57.5 vs. 56 expected
The US Markit Manufacturing PMI rose more than expected in February based on the flash estimate. The index reaches the highest level in two months. Economic activity in the US manufacturing sector continued to expand in February, at a faster pace than in January, with the IHS Markit Manufacturing PMI rising to 57.5 (preliminary) from […]
Markit services PMI improves to 56.7 vs. 53 expected
Markit services PMI well above expectations in February. The composite index rises to 56.0 in February from 51.1 in January. Business activity in the US service sector gained momentum in February with the IHS Markit Services PMI advance rising to 56.7, above the 51.2 and above the market consensus 53. Also, the Composite PMI rose […]
US State Department personnel leave Ukraine, military vehicles seen near Donetsk
“All State Department staff are out of Ukraine now, relocating to a hotel in Poland. The United States previously alerted senior Ukrainian officials. They have also notified other allies, but are unclear if those embassies choose to follow suit,” Jennifer Jacobs, a senior White House reporter for Bloomberg News, tweeted on Tuesday. In the meantime, […]
Russia: Consider Recognizing Independence Of Ukraine’s Breakaway Regions
In a discussion about the recent military exercises with his security council on Monday, the Russian president Vladimir Putin has accused Ukraine of not intending to abide by the Minsk peace accordsaccording to Reuters. As a result, Putin has said that Russia should consider recognizing the independence of the two breakaway regions in eastern Ukraine. […]
Russian Military Official Says Russian Troops Stopped Ukrainian ‘Spoilers’ From Crossing Border, Five Dead
According to Russian state media citing the country’s military officials on Monday, Russian troops and border guards prevented Ukrainian “wreckers” from breaching the Ukrainian-Russian border. Five people who tried to cross the border diedofficials have said. Ukrainian armored vehicles were also destroyed in Russia’s Rostov region. Ukrainian military forces they subsequently denied claims that it […]
Biden administration has prepared an initial package of sanctions against Russia – Reuters
The administration of the US president Joe Biden has prepared an initial package of sanctions against Russia that would prohibit US banks from processing transactions with large Russian banks.as reported by Reuters citing three people familiar with the matter. The Biden Plan cut “correspondent” banking relationships between Russian banks and US bankssources have said. In […]
GBP / USD rises modestly on session, awaiting Fed Minutes
It bottomed at 1.3718, at new three-week lows. The focus of the market has reverted to covidual cases and the effect on supply chains. UK inflation figures, in line with the Bank of England target. RSI supports a move lower, caution is warranted as the Fed will release the latest meeting minutes. At the beginning […]
Atlanta Fed GDP rises to 6.2% for the third quarter following the latest US data.
Real U.S. gross domestic product (GDP) is expected to grow 6.2% in the third quarter of 2021, up from 6% on Aug. 6, the latest gdpnow report from the Federal Reserve Bank of Atlanta showed on Tuesday. . “Following recent publications by the United States Bureau of Labor Statistics, the United States Department of the […]
Manufacturing Empire weakens much more than expected in August
The index New York Fed’s manufacturing empire has suffered a big setback in August, falling to 18.3 points from July 43, well below the 29 expected. Business activity continued to expand in New York State, according to companies responding to the Empire State Manufacturing Survey for August 2021, although growth was significantly slower than last […]
