Sterling is heading lower today, dropping as the latest manufacturing growth data disappoints. The UK economy continues to struggle, and it doesn’t help much that the Bank of England has predicted slowing growth in the economy. Indeed, compared to some of its major counterparts, the slowdown is disappointing, and contributing to losses for the pound. The latest UK PMI from Markit fell to 55.4 in July, down from a 57.2 in June. The drop wasn’t wholly unexpected, … “Economic Data Weighs on Pound”
Month: August 2014
Dollar Index Slips, but Could Strengthen Again
The US dollar index has slipped a bit today, losing ground after the recent US dollar rally. Right now, there is a little bit of consolidation happening, and the dollar index is lower. However, when looking at the latest data, there is a good chance that the greenback could strengthen again in the near future. The latest jobs data to come out of the United States indicates that the economy has added 209,000 … “Dollar Index Slips, but Could Strengthen Again”
Yuan Falls vs. Dollar Even as Chinese Manufacturing Accelerates
The Chinese yuan fell against the US dollar today even though both official and private estimates of nation’s manufacturing were rather good, showing than the sector was expanding with accelerating pace last month. Data from both HSBC and China Federation of Logistics and Purchasing demonstrated that China’s Manufacturing Purchasing Managers’ Index was at 51.7 in July. The reading was above the neutral 50.0 level and the previous month’s reading, … “Yuan Falls vs. Dollar Even as Chinese Manufacturing Accelerates”
AUD Loses Gains as Domestic Economic Data Not Favorable
The Australian dollar slipped against its US counterpart as the majority of today’s reports from Australia was bad. The currency also pared gains against the Japanese yen but is currently attempting to rebound. While the manufacturing index of Australian Industry Group rose from 48.9 in June to 50.7 in July, other economic indicators were not as good. The Producer Price Index fell 0.1 percent in June, frustrating analysts who have … “AUD Loses Gains as Domestic Economic Data Not Favorable”
EUR/USD: Trading the US NFP Aug 2014
US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Update: Non-Farm Payrolls +209K, unemployment rate 6.2%- USD falls Here are the details and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the US NFP Aug 2014”
Forex Crunch Key Metrics July 2014
The second half of the year began with a positive change in traffic: stronger market volatility has a positive impact on all metrics, in comparison with the slower previous months. Hopefully this trend continues. Here are the numbers: Website: Page Views: 473,777. Sessions: 211,600. Users: 71,456. Time on Site: 2:43 Average Pageviews/Visit: 2.24. Bounce Rate: 41.85% Mobile App stats: Active Users: 2,439 … “Forex Crunch Key Metrics July 2014”