USD/CNH bulls approach 7.2900 on softer China PMI, easing stimulus-driven optimism

Share: USD/CNH picks up bids to extend week-start rebound despite upbeat China. China Caixin Services PMI for August eases to 51.8 versus 54.1 previous readings. Doubt about China’s capacity to defend economic recovery with stimulus weighs on Yuan as full markets return. Country Garden news, China Commerce Ministry updates prod USD/CNH bulls even

Japan Jibun Bank August Services PMI 54.3 (prior 53.8)

Services: 54.3 Composite: 52.6 Flash reading here: Last week we had the final manufacturing number: Earlier from Japan, the biggest y/y drop in household spending since February of 2021: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW لینک منبع :

GBP/USD tanks below 1.2600 after US NFP and ISM PMIs data

Share: The Pound Sterling (GBP) slumped late in the New York session versus the Greenback (USD) as US Treasury bond yields rose and bolstered the USD, which is set to print its seven consecutive week printing gains. The GBP/USD hit a daily high of 1.2712 before reversing its course and diving toward the current exchange

Canada August S&P Global PMI 48.0 vs 49.6 prior

Canada PMI Prior was 49.6 Fourth month below 50 Lowest since June 2020 Fifth straight decline in new orders; lowest since March Full report Commenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “Canada’s manufacturing sector continued to struggle during August, with output and new orders falling at

US August ISM manufacturing PMI 47.6 vs 47.0 expected

ISM manufacturing Prior report 46.4 Prices paid 48.4 vs 43.9 expected. Last month 42.6 Employment 48.5 vs 44.2 expected. Last month 44.4 New orders 46.8 vs 47.3 prior Manufacturing has been in a recession for some time but there are some green shoots. I suspect this survey is going to be a mess for the

Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?

Australian Dollar Vs US Dollar, China PMI – Talking Points: AUD rose after China manufacturing activity beat expectations. AUD/USD is attempting to break above key resistance. What are the key levels to watch in AUD/USD? Recommended by Manish Jaradi Improve your trading with IG Client Sentiment Data The Australian dollar rose briefly against the US

US Dollar, Gold, Euro, NFPs, Key Fed Inflation Gauge, China PMI

Recommended by Daniel Dubrovsky Get Your Free Gold Forecast The US Dollar mostly outperformed against its major counterparts this past week. The British Pound, Euro and Canadian Dollars were some of the worst-performing majors while the Chinese Yuan and Australian Dollar fared better. Taking a look at commodities, gold performed well while crude oil prices

Australian PMI Data Not Much Better

Australia’s manufacturing industry has been in decline for six consecutive months, a situation which is still ongoing. The manufacturing PMI declined slightly from 49.6 in July to 49.4 in August. Expectations were low due to reduced new orders, resulting in reduced production and no indication that global demand is picking up. Deflation and economic failure