[ad_1] Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding on Friday with the DXY index, which measures the value
[ad_1] Share: The USD/SEK pair witnessed a 0.30% drop, hovering around the 10.452 level. Mixed S&P PMIs make the US struggle to gather demand. Riksbank’s hawkish hold on Thursday strengthened the SEK as the bank didn’t rule out a hike in 2024. The Swedish Krona (SEK) is gaining ground against the US Dollar (USD)
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Australian PMI’s concerning but encouraging news from China and a weaker USD keep the AUD elevated. Thanksgiving Day sees no additional high impact data scheduled for today. AUD/USD faces key resistance at 200-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Weak Chinese factory activity figures limit AUD upside. US CB consumer confidence in focus later today. Bulls attempt upside breakout as descending triangle resistance comes under pressure. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights
[ad_1] China’s factory activity unexpectedly pulled back in October, dropping convincingly back into contraction. There was the week-long holiday at the beginning of the month but that was a known known factored into estimates. There had been some ‘green shoots’ of economic recovery in China, in the wake of a raft of government and central
[ad_1] Mon: German Prelim CPI (Oct), EZ Sentiment Survey (Oct), Japanese Retail Sales (Sep) and Industrial Output (Sep) Tue: BoJ Announcement + Outlook Report, Chinese Official PMIs (Oct), EZ Flash CPI (Sep) and GDP (Q3) Wed: FOMC & BCB Policy Announcements, RBNZ FSR, All Saints Day; Japanese Jibun Final Manufacturing PMI (Oct), Chinese Caixin Final
[ad_1] Investing.com– Most Asian currencies fell slightly on Wednesday as strong overnight data boosted the dollar, while the Australian dollar rose sharply as a strong inflation reading fueled expectations for an interest rate hike in November. The jumped 0.5% as data showed inflation grew slightly more than expected in the third quarter. The reading came
[ad_1] MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct) TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs WED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct) THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3) FRI: CBR Announcement, Japanese Tokyo
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Chinese and Australian PMI’s disappoint. US PMI data and Fed guidance to come later today. AUD long upper wick suggests the possibility for further downside. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter AUSTRALIAN DOLLAR
[ad_1] China manufacturing PMI Manufacturing PMI 50.2 vs 50.0 (prior 49.7) Non-manufacturing PMI 51.7 vs 51.5 expected (prior 51.0) The official manufacturing PMI is the important one and it rose above 50 for the first time since March 2023. That line signals expansion/contraction, so while it’s a small beat on expectations, it’s an important one.
