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 release of the PMI’s, Markit forecasts that the UK’s economy might have averaged around 0.4% in the three month...
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 in June beating estimates which forecast a decline to 58.5. Construction spending was also higher at 0.4% ...
Daily Forex Market Preview, 02/07/2018 The euro currency was seen posting strong gains from the start on Friday. The gains came as news outlets reported that the EU summit saw the region's leaders agreeing to solutions on the European migrant crisis. The common currency also held its ground as economic data later in the day showed that hea...
The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...
PMIs Printing Higher Global growth has been ticking higher over recent months with The speed of growth in global industrial production having more than doubled since early 2016 with the biggest increases seen in the advanced economies. Global manufacturing has registered its biggest expansion since 2014 with industrial production up 3.3% year o...
The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...
The week ahead will see a fresh set of economic data for the month of June. The economic releases coming out this week include the manufacturing PMI data from China, the UK, US, and the eurozone. Later in the week, the FOMC meeting minutes are due followed by Friday's non-farm payrolls report. Also this week, the RBA will be holding its monthl...
The week ahead is marked by a fresh trading week for the markets and with it comes a fresh set of economic data. Standing out among a host of economic releases will be the Fed's FOMC meeting minutes from the March meeting and the payrolls report for the month of March. Elsewhere, PMI figures from the Eurozone and the UK will be dominating the he...
USD Strikes Again After a long weekend, the US Dollar came back earlier today during the Asian session with another strike, rising above 101.0, reaching as high as 101.20’s until this report is released. The Japanese Yen is the biggest loser in Asia, declining around -0.52% followed by the Kiwi, while the Euro and the British Pound are sligh...
This data references the period ending February 14th. EURUSD Non-Commercials increased their net short positions in the Euro last week selling a further 2k contracts to take the total position to -47k contracts. Fluctuating positioning is dominating the Euro landscape at the moment with the US Dollar currently pausing from the rally over ...
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