EUR/USD Rally Stopped on Good US Services PMI
The US services sector provided some good news for a change: The ISM Non-Manufacturing PMI rose to 54.6 points, exceeding expectations of 53.8 points. This halts the rally of EUR/USD. …
Read MoreForex news
Non-Farm Payrolls Disappoint Everybody – Yen and Franc Biggest
US Non-Farm Payrolls disappointed the even the economists that lowered their expectations: only 54K jobs were gained during May, around a third of what was expected after modifications. Also the …
Read More
GBP/USD Falls to Support on Weak Services PMI
Britain’s services sector joins the manufacturing sector with a disappointing PMI: 53.8. Early expectations stood on a tick up to 54.4 points. GBP/USD is trading lower, with support working well. …
Read More
Payrolls could well be on the soft side
A close examination of recent labour market evidence does not augur too well for non-farm payrolls when they are released later today. Continuing claims for the weeks in between the …
Read More
EUR/USD Falls on Bad News from Spain
While the Spanish government is perhaps successfully lowering the debt, fresh news about the debt of the regional and local authorities weighs on the Euro. And despite the high unemployment …
Read More
GBP/USD Recovers in Range as Construction PMI Doesn’t Disappoint
The construction sector in the UK continues to grow, and at a slightly higher pace than last month. Manufacturing PMI scored 54 points, a bit better than 53.7 that was …
Read More
ISM Manufacturing PMI Dives – Risk Aversion Continues
The US Manufacturing sector is growing at a slow pace: ISM Manufacturing PMI dropped to 53.5. The estimations stood on 58.1 points, although other indicators such as the Chicago PMI …
Read More
ADP Non-Farm Payrolls Very Weak – Yen and Franc Jump
The US private sector gained only 38K jobs in May, according to ADP. This falls short of early expectations for a gain 177K jobs. The “safe haven†currencies soar against …
Read More
GBP/USD Loses Support As Economy Shows More Signs of
British Manufacturing PMI printed 52.1 points, weaker than 54.2 that was expected. This reflects a further slowdown. GBP/USD drops sharply, losing support. GBP/USD now trades at 1.6417, down from almost …
Read More
USD/CAD Dives To Support on Hawkish Outlook by the BOC
The Bank of Canada left the benchmark interest rate unchanged, but its tone in the accompanying statement became more hawkish, pushing USD/CAD down to support. The statement consists of some …
Read More