GBPAUD: UK Services PMI at eight-month low in September

Following the publication of a significant improvement in the UK PMI for September, there was a significant slight increase in the value of the Pound sterling against the Euro and Dollar, signalling that the economy’s performance was not as bad as expected. The S&P Global Services PMI for September was revised up to 49.3 from

Services Sector Expands but ‘New Order’ Concerns Emerge

ISM Services PMI Reading Drops but the Outlook Remains Positive The services sector is the largest by far and contributes the most to total US GDP. As such, it provides a crucial signal of the overall health of the US economy. The PMI report aggregates opinions of the companies’ purchasing managers who often see shifts

Fragile yen picks up as intervention chatter runs rife, dollar slips By Reuters

© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after

The bullish outlook remains in place

Share: DXY comes under pressure following recent peaks. A move to 108.00 still appears in store near term. DXY faces some selling pressure after climbing to new 2023 tops in the 107.30/35 band on Tuesday. In light of the ongoing price action, extra gains appear likely in the dollar for the time being.

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Euro Price Setups after PMI, FX Intervention? EUR/USD, EUR/GBP, EUR/JPY

Euro Price Setups: EUR/USD, EUR/GBP, EUR/JPY EU PMI data shows modest improvement but demand hampers growth EUR/USD: Treasury yields outpace Bund yields, ECB more likely to have peaked EUR/GBP: Mean reversion in focus as bullish potential fades EUR/JPY: FX intervention speculation stokes yen volatility The new quarter brings new possibilities for the euro. Find out

Market Update – October 4 – On the way to old normal

Yesterday at 08:30 am ET (New York Time), JOLTS job openings for August again showed an incredibly buoyant labour market with 9.61m new available vacancies versus the 8.8m analysts were expecting. Even though the main target is inflation, this is not what the Fed wants to see and the voice saying ”higher for longer” immediately