Tag Archives: PMIs

The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …

The US economy is painting a picture of divergence as we approach the end of 2024. While the services sector is thriving, the manufacturing industry continues to face headwinds.The recent S&P Global survey highlights the stark contrast between these two sectors. The US Services PMI surged to a 38-month high …

As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading close to 1.0550. There is no pressing need to lower interest rates, Fed Chair Jerome Powell stressed. Investor anxiety over a trade war between …

Monday saw a temporary extension of the euro’s slide versus the US dollar as business activity figures for the euro zone economy disappointed. Prior to this, US statistics had indicated that activity remained stable. With markets already putting in a roughly 77% possibility for a cut of at least 25 …

Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

The USD Index (DXY) retreated slightly as the Japanese yen strengthened and US Treasury yields displayed mixed movement. The upcoming release of Q2 Growth Rate data, Durable Goods Orders, and Initial Jobless Claims on July 25 will be closely watched. Forex Space The Japanese yen’s continued appreciation pressured the US …

The Australian dollar went through additional losses against the US dollar on Wednesday, reaching 0.6580. Worsening concerns over China’s economic health and commodity prices were the primary contributors to the AUD’s slide. Australia reported weak Judo PMIs during the Asian session, which could potentially restrict any further weakening of the …

The US Dollar Index (DXY) fell towards 104.13, earlier during the North American session, immediately after the mixed PMI reading from Standard & Poor’s and the Federal Reserve’s dovish policy bets added to the US currency’s decline.It is expected that the reading of the personal consumption expenditures index, Durable Goods …

S&P Global composite PMI fell to 50.1 in July, attributed to the lack of growth of business activity in Germany and France. Eurozone business activity grinds to a halt amid surprise slump in Germany. Eurozone private-sector activity barely grew this month as its top economy Germany unexpectedly slumped, the latest …

Despite a little decline in US Treasury yields, the USD Index saw some gains and returned to the 104.50 region. The preliminary S&P Global Manufacturing and Services PMIs and advanced goods trade balance are due on July 24, with new home sales coming in second. In addition to continuing Monday’s …