PMI

On Monday, we find out that UK's January Manufacturing PMI (Purchasing Managers Index) came out 52.9 marking a three-month high and surpassing estimations. It came above December's 52.1 with an improvement in domestic demand and a…
Read More

On Wednesday, UK's Markit/CIPS services Purchasing Managers' Index (PMI) revealed a stabilized growth in the country's service sector falling marginally to 55.5 from November's 55.9, still maintaining the survey's long-run average of 55.2 -…
Read More

On Monday, China's economy Caixin PMI (Purchasing Manager’s Index) for the manufacturing sector came out at 48.5 versus an expected value of 48.9 and previous 48.6. Economic conditions for China’s producers continued to deteriorate during…
Read More

During Monday the Chicago Business Barometer went down 7.5 points, hitting a low of 48.7. The massive fall was caused by the decline is new orders, which reached their lowest point since March. The Barometer’s reading for October was at…
Read More

Monday marked the release of November’s German PMI (Purchasing Managers’ Index) which came out at 52.6 versus October’s 52.1, reaching a new 3-month high and beating the expected 52.2. The service sector’s activity increased strongly…
Read More

Australia’s officials released on Wednesday the latest retail sales figures, which came in line with expectations at 0.4% mom (month-on-month). The numbers acted as a support for the AUD/USD trend over the course of the last couple of days.…
Read More

The EUR/USD closed the week on a lower stance, the incertitude of Greece’s headlines and the emergent state of the deal continuing to keep pressure on the trend. These echoes will still make an appearance in the future, inflicting movements…
Read More

DAX faces support at 11357 amid Greek uncertainty, EURUSD trades sideways with mixed US data, and WTI crude sees inventory drops pressuring prices.
Read More

Since the beginning of the week the EURUSD was dominated by a strong weakness which brought the quotation from 1.1405 to 1.1150. The massive decline can be attributed to the situation in Greece, whereof the single European currency seems to…
Read More

The outlook for the euro became better yesterday as official sources claimed that Greece's creditors drafted the broad lines of an agreement which is due to be discussed today in a meeting between Alexis Tsipras and the European Commission…
Read More