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German DAX futures -0.4%UK FTSE futures -0.4%With US futures also leaning towards the softer side today, that isn't helping with the market mood as we get things going on the session. S&P 500 futures are down 0.3%, Nasdaq futures also down 0.3% while Dow futures...

Prior -1.1%Import price index -7.0% vs -5.8% y/y expectedPrior -3.8%The drop in annual reading is mainly to do with lower prices for energy but the monthly reading this time around also shows a decline in other categories, so that is a bit of a relief in terms of...

The dollar is making up for lost ground in trading yesterday, as it is pushing solid gains ahead of the European session today. EUR/USD is down 0.4% now to 1.0688 while GBP/USD is down 0.3% to 1.2380 on the day. However, the more apparent gains for the dollar are...

The drop in annual inflation owes much to a further adjustment in base effects, as the high energy prices from last year are being phased out. But for Germany's industrial state, we also saw monthly inflation fall by 0.2% and that is a welcome development for...

The dollar is sitting higher today but its advance has been somewhat held back after yesterday's retreat. Month-end trading is a focus point today and that will make things tricky to navigate, alongside euro area inflation data this week and then the US non-farm...

Germany CPI y/y (%)Inflation is back on the menu in Europe and today we'll be getting the usual monthly readings from German states, all before the national reading later in the day. As outlined here, an adjustment to base effects is still very much in play and that...

The greenback is seeing some back and forth action so far this week but is starting to gather back some poise ahead of European morning trade today. EUR/USD is down 0.35% to 1.0695 while GBP/USD is down 0.23% to 1.2385 with the dollar holding a decent advance against...

The key focal point of the session was the China data, the official PMIs for May. Both the Manufacturing and non-Manufacturing PMIs fell from April, with Manufacturing slipping further into contraction. Large enterprises (many state-owned and supported) fared better...

The PMI data from China for May was disappointing:The data releases have catalysed a lower Australian dollar, and other risk also. China's National Bureau of Statistics (NBS) says economic activity in China fell slightly in May. And that this indicates there is a need...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Construction work done up 1.8% in the March quarterexpected +0.5%, prior -0.4%residential construction work fell 2%The data will go into the GDP figures, to be published on Wednesday 07 June 2023 11:30am Sydney time (0130 GMT, 9.30pm US Eastern time). There are plenty...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

From China's National Bureau of Statistics (NBS), the manufacturing PMI comes in at 48.8expected 51.4, prior 49.2that expected is via Bloomberg, Reuters survey was 49.5 expectedNon-manufacturing PMI comes in at 54.5expected 54.9, prior 56.4Composite PMI is 52.9prior...