Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0 expectedPrior 50.0The stark drop here is largely attributed to the decline in the services sector, in which activity fell to a 10-month low. However, manufacturing conditions also...
Poor French and German PMI data keeps ECB 50 bps rate cut in play
Money market pricing is now seeing roughly 35% odds of a 50 bps rate cut by the ECB for their December meeting. That is up from less than 20% before the French and German PMI data. Meanwhile, €STR futures are now implying a ~44% probability of a 50 bps rate cut. For...
USDJPY Technical Analysis – We continue to range around key levels
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market awaits new catalysts to push into either direction. The market’s pricing remains mostly unchanged at three rate cuts by the end of 2025 for the Fed.Yesterday, we...
Germany November flash manufacturing PMI 43.2 vs 43.0 expected
Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs 51.6 expected and 51.6 prior.Composite PMI 47.3 vs 48.6 expected and 48.6 prior.Key findings:HCOB Flash Germany Composite PMI Output Index(1) at 47.3 (Oct: 48.6). 9-month low. HCOB Flash...
France November flash services PMI 45.7 vs 49.0 expected
Prior 49.2Manufacturing PMI 43.2 vs 44.5 expectedPrior 44.5Composite PMI 44.8 vs 48.3 expectedPrior 48.1We all knew that the boost in August was largely a one-off due to the Olympics but since then, it's been a stark decline for French business activity as a whole....
European indices off to a more positive start again today
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,...
Germany Q3 final GDP +0.1% vs +0.2% q/q prelim
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,...
UK October retail sales -0.7% vs -0.3% m/m expected
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,...
Gold weathers the storm and looks to make it five for five in trading this week
Gold (XAU/USD) daily chartThe supposed correction/pullback in gold sure didn't last long. Dip buyers look to have managed to pass their first test with flying colours. Last week, gold was still in danger as it ran down to test its 100-day moving average (red line)....
EUR/USD to finally the break the mold?
This continues the technical predicament from last week: EUR/USD feels the inevitable pull towards 1.0500 nextEUR/USD weekly chartThe drop yesterday was a notable one as we finally see EUR/USD crack below the 1.0500 mark. It has been a key technical support level to...
USD adding on a few points: AUD, CAD lower. USD/JPY back to its session high.
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,...
PMI data back in the spotlight to wrap up the week
The dollar held a bit more of a mixed mood since trading yesterday with EUR/USD falling to its lowest levels since October 2023, breaking below 1.0500, but USD/JPY eased further as it dipped back under the 155.00 mark. It is making for a trickier end to the week with...
ForexLive Asia-Pacific FX news wrap: Gold, BTC up
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,...
Federal Reserve Board Governor Michelle Bowman speaking Friday
Bowman speaking very late, but not, it appear, on monetary policy:2315 GMT / 1815 US Eastern timeFederal Reserve Board Governor Michelle Bowman speaks on artificial intelligence before the 27th Annual Symposium on Building the Financial System of the 21st...
Just over half of economists surveyed expect the Bank of Japan to hike rates in December
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,...
European Central Bank President Lagarde, plus Nagel & Schnabel (& others) speaking Friday
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,...
Swiss National Bank Chairman of the Governing Board, Martin Schlegel, speaking Friday
1230 GMT / 0730 US Eastern time: Speech by SNB’s Chairman of the Governing Board, Martin Schlegel, The SNB and its WatchersCarlos Lenz, Head of Economic Affairs, SNB is also speaking 1350 GMT / 0850 US Eastern time.This event, modeled after The ECB and Its Watchers,...
Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair
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,...
Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside
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,...
NZD has a quick drop
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,...