Wall Street suffered from its worst performance of the year on Tuesday, with the main indexes closing down as investors interpreted the recent rebound in US business activity in Feb. as signaling interest rates will need to stay higher for longer to combat inflation.As for the S&P 500 and Nasdaq …
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Tuesday’s latest purchasing managers’ index data from the Eurozone in January and the first signs of the corporate earnings season are being digested by investors as European markets ended lower on Tuesday.The pan-European Stoxx 600 index decreased by 0.2%, with losses led by the oil and gas and health care …
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Preliminary PMIs by S&P Global for the Eurozone will be reported Tuesday, January 24 at 09:00 GMT. Headline manufacturing PMI is expected at 48.5 vs. 47.8 in December, services PMI is expected at 50.2 vs. 49.8 in December, and the composite is expected at 49.8 vs. 49.3 in December. Analysts …
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The USD/CAD pair trims some of last Friday’s losses, so it is up by 0.46% on Monday. Worse-than-expected US economic data and a risk-off mood in are among factors that significantly boosted the US Dollar.The USD/CAD marches firmly amid a risk aversion due to S&P Global PMIs hinting that global …
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The GBP/USD pair is collapsing from 1.1200, eyeing a break below the 1.1000 mark which was last seen in March 1985. The sour market sentiment, spurred by worldwide central banks’ monetary tightening to suppress price pressures.The GBP/USD is trading at 1.0965, below its opening price by more than 2%, after …
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The US ISM Manufacturing PMI edged slightly lower in July. US Dollar Index stays under bearish pressure below 105.50. The business activity in the US manufacturing sector expanded at a slightly softer pace in July than in June with the ISM Manufacturing PMI declining to 52.8 from 53 in June. …
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Gold prices fell on Monday, July 25 after the dollar’s rise and expectations of a US Federal Reserve interest rate hike this week dampened gold demand. The price of gold fell 0.2% to $ 1724.50 an ounce as of 04:23 GMT, after rising to its highest level in more than …
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Gold Price is set to finish the week up by almost 1%, snapping five weeks of losses. Investors’ recession-linked fears were renewed on weaker than expected EU and US PMI data.The US 2s-10s yield curve inversion extended for 14 straight days. Gold Price rises for the second consecutive day after …
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The USD/CHF pair is poised to finish the week with solid losses of 1.30%. The market sentiment is relatively negative, which constitutes a headwind for the USD/CHF. The USD/CHF tumbles on the back of worse than expected US PMI data, further extending its weekly losses, as sentiment deteriorates due to …
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The AUD/USD pair is set to finish the week up by 2.23%. the US Services and Composite PMIs plummeted below 50, suggesting a recession could be near.Hawkish RBA minutes revealed during the week cushioned the AUD/USD from falling further on weak Aussie PMIs. The AUD/USD pair rises for the second …
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