German industrial output rose by 0.7%, marginally exceeding expectations of a 0.6% rise. The Euro-zone’s powerhouse managed to correct the bad impression left from yesterday’s factory orders. The  falling Euro …
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ECB President Jean-Claude Trichet didn’t use the code words “strong vigilanceâ€, but used “monitor very closely†instead. So, we expect another pause in rate hikes next month. This comes as …
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As expected the European Central Bank decided to leave the Minimum Bid Rate unchanged at 1.25%. The focus moves to the press conference with Jean-Claude Trichet. The Euro rises a …
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Just before the rate decision, we get bad news from Europe’s powerhouse – German factory orders plunged by 4% in March. A rise of 0.4% was expected, so this is …
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American ISM Non-Manufacturing PMI fell to 52.8 points, well below expectations of 57.9 points. This significant slowdown in the economy extends the losses of the greenback against the “safe haven†currencies, …
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According to ADP, the number of jobs gained in the US private sector rose by only 179K. Early expectations stood on a gain of 200K. EUR/USD is moving higher, and …
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For the second day in a row, British PMIs disappoint. Construction PMI scored 53.3 points, significantly lower than last month’s 56.4 points, and also less than the low expectations of …
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Global markets are down ahead of the US session, a decline that should be part of some larger, deeper pull-back. We know that pull-backs are structured by at least three …
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Britain’s manufacturing PMI for April disappointed with a drop to 54.6 points. A figure of 57.1 points was expected. This slower growth extends the fall of the pound, that began …
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The manufacturing sector in the US is undergoing a smaller slowdown than expected. The ISM Manufacturing PMI dropped to 60.4 points. A drop to 59.9 was expected. But the dollar …
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