PMI

06:00 EST (12:00 CET) looks to be rather busy for the EURUSD with two important bits of data being released at the same time: November EZ consumer price index and October final unemployment rate. Each on their own could move the market, so… Read More

Recent weakness in Eurozone survey data suggests that Eurozone growth is likely to remain below the trend rate in Q4. A broad slew of Eurozone economic indicators, as well as indicators in individual member economies, have turned lower over… Read More

On Friday, November 23rd we have the release of Markit PMI for the Eurozone, which by itself can move the market. However, given the lackluster performance of equities in Europe recently, with the Stoxx 600 hitting a two-year low on… Read More

ukThe UK's economic activity as measured by the manufacturing, construction and services sector showed that businesses were struggling to hire. Based on the monthly reports, the UK's economy was seen to be on track to post a 0.4% quarterly… Read More

Business activity in the private sector was seen picking up steam last month, official data showed and the pace of solid growth continued. However, the global trade war uncertainty was seen keeping optimism in check and further indicating… Read More

Daily Forex Market Preview, 24/08/2018 The U.S. dollar was seen recovering from the losses on Thursday. The reversal came following the release of the FOMC meeting minutes. Economic data on the day showed that the ECB officials were… Read More

Daily Forex Market Preview, 23/08/2018 The U.S. dollar was trading flat on Wednesday. Economic data was most limited. The Fed released its monthly meeting minutes. The minutes showed that officials were concerned about the impact of trade… Read More

The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the… Read More

Daily Forex Market Preview, 03/07/2018 The U.S. dollar was seen posting strong gains on the first trading day of the third quarter as the greenback rose 0.4% on the day. The gains coincided with the ISM's manufacturing PMI rising to 60.2… Read More