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NZD Plummets With Recessionary Signs From PMI NZD Plummets With Recessionary Signs From PMI

Matt Simpson June 13, 2019 11:12 PM

TAGS: Construction PMI, Forex, New Zealand

EU Stocks Could Rebound Despite Recession Concerns

Fawad Razaqzada March 22, 2019 7:21 AM

Earlier, the euro and European stock markets sunk after purchasing managers in the services and particularly manufacturing sectors reported sharply deteriorating conditions for March.

TAGS: Equtiies, PMI, Stocks

EUR/GBP: Brexit extended as poor PMIs raise Eurozone recession concerns

Fawad Razaqzada March 22, 2019 5:55 AM

The EUR/GBP has been on a rollercoaster ride over the past couple of weeks as market participants reacted to the latest Brexit headlines while keeping a close eye on a deteriorating Eurozone economy.

TAGS: Brexit, EURGBP, forex, FX, PMI

USD/JPY Shrugs Off Mixed PMI Data, Trump on Tap

Matt Weller, CFA, CMT February 5, 2019 12:30 PM

After turning in the strongest performance among the major currencies yesterday, the US dollar is once again near the top of the relative strength charts today.

TAGS: PMI, US Dollar, USD, USD/JPY, USDJPY

Poor Eurozone data underscores global growth concerns

Fawad Razaqzada January 24, 2019 5:46 AM

This morning saw the euro drop and stocks rebound slightly as poor Eurozone data means the ECB will want to keep interest rates low for longer.

TAGS: EURUSD, forex, FX, PMI, Stocks

Euro drops as economic activity in EZ hits four year low

Fawad Razaqzada November 23, 2018 7:31 AM

PMIs suggest manufacturing and services barely grew in November

TAGS: EUR/JPY, forex, FX, PMI

EUR/GBP probing resistance with Eurozone PMI figures on tap

Matt Weller, CFA, CMT July 23, 2018 2:38 PM

It’s been a quiet start for traditional economic data, with a slight miss in US existing home sales the only headline of note...

TAGS: British Pound, EURGBP, EURO, PMI

GBP/USD drops ahead of UK and US services data

Fawad Razaqzada June 4, 2018 1:25 PM

It has been a day of two halves for the US dollar. The greenback was initially lower and sharply so against some commodity currencies, before bouncing back in the second half of today’s session – most notably against the British pound but also versus the Swiss franc and the Japanese yen.

TAGS: forex, FX, GBPUSD, PMI

GBP/USD: UK’s hat-trick of PMI disappointment not a game changer

Fawad Razaqzada July 5, 2017 6:26 AM

After weaker manufacturing and construction PMI readings earlier this week, all eyes were on the dominant services sector PMI this morning. The PMI was expected to print 53.6 compared to 53.8 in May. As it turned out, it was a hat-trick of weaker-than-expected PMIs for the UK economy, as the services sector scored 53.4. It was however a narrow miss ...

TAGS: Brexit, FX, GBP, GBPUSD, PMI

EUR/USD: Eurozone PMIs, FOMC minutes in focus

Fawad Razaqzada February 20, 2017 11:52 AM

There wasn’t much in the way of economic data today and US stock markets are closed because of Presidents’ Day holiday. Stating the obvious here, but it has been a rather quiet and dull day in the markets. Things will hopefully pick up from Tuesday, although Wednesday is likely to be most important day of the week – certainly for the dollar – due to...

TAGS: EURUSD, Fed, FOMC, forex, FX, PMI

Market Review & Outlook: Hectic Stretch Ahead for Markets

James Chen, CMT October 28, 2016 1:38 PM

The next week and a half will likely prove to be the busiest several days of the year for global financial markets due to the sheer volume and potentially far-reaching consequences of upcoming events. Aside from what promises to be an exceptionally unique US presidential election on November 8th, the most important events will largely be dominated b...

TAGS: Australian dollar, Average Hourly Earnings, Bank of England, Bank of Japan, BOE, BoJ, British Pound, Central Banks, Election, Employment, Fed, Federal Reserve, FOMC, Fundamental Analysis, Interest rates, Manufacturing PMI, NFP, Non-farm payrolls, Reserve Bank of Australia, US Dollar

Brexit-hit pound stages modest rebound on manufacturing surprise

Fawad Razaqzada October 3, 2016 7:20 AM

News that the UK manufacturing activity in September hit its highest level since June 2014 has provided a welcome relief for sterling. The pound had tumbled to a new post-Brexit low against the euro earlier this morning after UK Prime Minister Theresa May said that Article 50 will be triggered no later than March 2017, which would see the UK leave t...

TAGS: Brexit, EUR/GBP, forex, Fundamental Analysis, FX, GBP, Manufacturing PMI, Technical Analysis

USD/CAD sinks further on weak US data

James Chen, CMT September 6, 2016 4:20 PM

The US dollar was pummeled on Tuesday after the US ISM non-manufacturing PMI data for August was released. This data showed a significantly slower-than-expected expansion at 51.4 against prior expectations of 55.4, and a sharp drop from the previous month’s 55.5. This August PMI for the critically-important US services industry represented the weake...

TAGS: Bank of Canada, CAD, Canadian Dollar, Crude oil, dollar, Fed, Fundamental Analysis, NFP, PMI, Technical Analysis, US Dollar, USD, USD/CAD

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NZD Plummets With Recessionary Signs From PMI NZD Plummets With Recessionary Signs From PMI

EU Stocks Could Rebound Despite Recession Concerns

EUR/GBP: Brexit extended as poor PMIs raise Eurozone recession concerns

USD/JPY Shrugs Off Mixed PMI Data, Trump on Tap

Poor Eurozone data underscores global growth concerns

Euro drops as economic activity in EZ hits four year low

EUR/GBP probing resistance with Eurozone PMI figures on tap

GBP/USD drops ahead of UK and US services data

GBP/USD: UK’s hat-trick of PMI disappointment not a game changer

EUR/USD: Eurozone PMIs, FOMC minutes in focus

Market Review & Outlook: Hectic Stretch Ahead for Markets

Brexit-hit pound stages modest rebound on manufacturing surprise

USD/CAD sinks further on weak US data

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