From the daily chart below, we can see that the price was trading in a bearish channel. The big decline since November was the result of the first deviation from expectations in the US...
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Heads up for Chinese data to be published over the weekend – official PMIs for December
On Saturday, December 31, 2022, China’s National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP) will release their December PMIs. , The December results are likely to show the negative...
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Eurozone October final services PMI 48.6 vs 48.2 prelim
Previous 8.8 Composite PMI 7.3 vs 7.1 preliminary Previous 8.1 The eurozone economy shrank the most in nearly two years as new orders collapsed amid uncertainty, high prices and generally weak demand. . SandP...
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The theme of the day was poor PMIs and now the Australian dollar is suffering
The economic data today was all about global PMIs from S&P Global and there was a similar theme in all of them:Germany July flash manufacturing PMI 49.2 vs 50.6 expectedFrance July flash services PMI...
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2 Minutes
FOREX TODAY: DOLLAR GAINS TRACTION AS MOOD SOURS AHEAD OF PMI DATA
Here is what you need to know on Friday, July 22: Although the euro gathered strength following the European Central Bank’s (ECB) decision to hike its key rates by 50 basis points, it lost...
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