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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected and 46.1 prior.Key findings: HCOB Eurozone Manufacturing PMI at 45.7 (Mar: 46.1). 4-month low. HCOB Eurozone Manufacturing PMI Output Index at 47.3 (Mar: 47.1). 12-month high. Factory production falls at...

Prior 41.9It's a mild revision higher as the German manufacturing downturn eases a touch in April. But at 42.5, that's still a very poor reading as the sector remains well in recession to start the new year. A further decline in new orders isn't helping but at least...

Final Manufacturing PMI 45.3 vs. 44.9 expected and 46.2 prior.Key findings: French factory output restricted by rapid fall in new orders.Backlogs used to support production; workforces shrink further.Input price inflation at 14-month high amid rising material...

Prior 50.4That's a bummer as Italy's manufacturing sector slips back into contraction in April. There were renewed declines in output and new orders, with input prices also rising for the first time since January 2023. HCOB notes that:“The manufacturing sector in...

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,...

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,...

Prior 51.4That's a decent beat as Spanish manufacturing activity posts stronger growth in April. That's the third month in a row now that it holds above the 50.0 threshold. Of note, both output and new orders saw firm rises on the month. HCOB notes that:"Spain...

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,...

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,...

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,...

There was plenty of action in US trading yesterday and Asia today, so let's recap. There was some mixed data in the US before the Fed came along. The ADP employment data was a beat but markets didn't care much for that. Instead, traders focused more on the miss in the...

There were fears of a more hawkish leaning by the Fed going into the FOMC meeting yesterday. But the statement language itself didn't offer up too much and Powell also successfully sidestepped any questions about moving back to rate hikes. That was enough to pin down...

That's twice already now that they've come in to support the yen currency this week. USD/JPY saw a sharp dive from 157.50 to 153.00 before being bought back up to just below 156.00 currently. Here's a look at the near-term chart:USD/JPY hourly chartAs much as Japanese...

USD/JPY as it happened:Other: USD/JPY was sitting around 157.50 after the market close in the US on Wednesday afternoon before intervention selling hit it, hard. From 157.50 it fell big figure after big figure in super-illiquid trade over the course of about 20...