[ad_1] GBP/USD, EUR/GBP Analysis Cable struggles to build momentum ahead of UK GDP report EUR/GBP threatens to breakout but faces stern level of resistance UK GDP anticipated to reveal subdued growth in Q3 The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive
[ad_1] Share: The Business NZ Performance of Manufacturing Index (PMI), also known as the New Zealand Manufacturing PMI came in at 42.5 in October from September’s print of 45.3. “Today’s PMI is not a good look for GDP and employment growth. Our GDP forecasts already include a decline in the manufacturing sector in
[ad_1] Share: The GBP/USD is finding some bids for Monday, rebounding from the day’s early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve’s (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central
[ad_1] © Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to
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[ad_1] Share: The latest data on Tuesday showed that the preliminary S&P Global Australian Services PMI posted 47.6 in October from 51.8 in September. On the other hand, the Manufacturing PMI eased to 48.0 from 48.7 in the previous reading. Furthermore, the Composite Index came in at 47.3 versus 51.5 prior. Market reaction At the press
[ad_1] Euro (EUR/USD, EUR/GBP) Analysis Minutes Suggest the ECB is Content with Rates, Focused on the Economy ECB minutes revealed it was a close call to raise interest rates for the tenth and possibly last time, the last time the Governing Council met. The majority of officials anticipate that record high interest rates (4%) will
[ad_1] © Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Friday, as investors assessed Friday’s jobs
