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Currency Pair of the Week: EUR/USD
With the German PPI on Monday and economic data due out of the EU and US this week, along with the FOMC Minutes, EUR/USD could be quite volatile.
China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00
The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.
US PMI’s disappoint ahead of key inflation data and Jackson Hole
Whilst US PMI data disappointed, it’s not as though the economic deterioration we’re witnessing didn’t come without plenty of warning. And the upshot all this is that it's deflationary.
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European and US PMIs weaker; EUR/USD remains near parity
With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point.
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
Poor PMIs underpin recession worries
This is the latest macro data to underscore worries about a sharp economic slowdown
Lagarde comments, poor UK PMIs give EUR/GBP a lift
Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs.
EUR/USD pulls back ahead of PMI’s, futures lower
PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST.
PMIs spark Crude selloff; hypes USD/CAD
As a result of the slowdown in manufacturing in the worlds 2 largest economies, crude oil took at hit
What do current PMIs say about the global economy?
With strong PMI data, the recovery process seems to be well underway
European Open: Mixed lead from Asia, Soft Open for Europe, PMI’s Next
Whilst Asian equities mostly shrugged off Wall Street’s tax-driven turmoil, it seems more of a ‘holding session’ as tight ranges suggest traders are waiting to see if there is any follow-through.
China: So many problems but PMIs ain’t one
Despite all the geopolitical problems, the economy is still humming along.
European Open: USD/JPY hits fresh highs, China PMI’s rise
Now on its sixth consecutive bullish session, USD/JPY rallied to a fresh high overnight and stopped just shy of 111.00.
Asian Open: PMI supportive of sentiment overnight (bar China)
PMI data was mostly supportive of sentiment overnight, with data from parts of Asia, Europe and North America beating expectations.
China Manufacturing PMI above 50, but for how much longer?
If the trend continues, the readings will soon be below 50, indicating China’s manufacturing sector will be contracting!
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European Open: Minor Bounce for Indices ahead of key PMI reports
Sentiment was given a slight boost in Asia today following the weekend’s positive news flow.
AUD/USD breakout out of flag formation; On its way to 0.8400?
AUD/USD traders will be eyeing the 0.8000 level first
USD/CNH: Bearish Run Shows no Signs of Stopping Yet
USD/CNH has dropped 1.4% so far in October and is on track for a fifth straight monthly decline.
EU Stocks Could Rebound Despite Recession Concerns
Earlier, the euro and European stock markets sunk after purchasing managers in the services and particularly manufacturing sectors reported sharply deteriorating conditions for March.
EUR/GBP: Brexit extended as poor PMIs raise Eurozone recession concerns
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.