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

Asia FX rises as dollar, yields cool on weak PMI data By Investing.com

© Reuters. Investing.com– Most Asian currencies rose on Thursday, taking some relief from weakness in the dollar and Treasury yields as focus remained largely on more cues on U.S. monetary policy from the Jackson Hole Symposium.  Weak purchasing managers’ index data saw the dollar fall from an over two-month peak in overnight trade, while Treasury

USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data

USD/CAD PRICE, CHARTS AND ANALYSIS: The Loonie Arrests Slump Largely Thanks to Weak US PMI Data. More Weakness Ahead for the Canadian Dollar? Core Retail Sales Data Paints a Worrying Picture for the Canadian Economy. Market Participants Are Now Pricing in a Chance of Steeper Rate Cuts in 2024 from the US Federal Reserve. To