The British Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for … “GBP/USD: Trading the UK Manufacturing PMI”
Month: September 2015
Negative Inflation Sends Euro Lower in Forex Trading
The inflation reading turned negative today, sending the euro lower as speculation about the measures the European Central Bank will have to take in order to continue stimulating the economy. The latest German unemployment figures aren’t helping the situation, either. Consumer prices in the eurozone declined 0.1 per cent year over year for the month of September. This drop in inflation was unexpected, and it has many concerned about what’s next for the eurozone. ECB … “Negative Inflation Sends Euro Lower in Forex Trading”
US Dollar Index Moves Higher as Employment Data Comes In
US dollar index is higher today, gaining as the latest private-sector employment data from ADP comes in for September. The news indicates a bit of a letup in the pace of hiring, but that isn’t weighing too heavily on the dollar, which is mostly higher against its major counterparts. The latest report from ADP indicates that the private sector added 200,000 jobs to the US economy in September. The news has resulted in a little bump … “US Dollar Index Moves Higher as Employment Data Comes In”
Admiral Markets offers CFDs on German bunds on US
Admiral Markets, which focuses on forex trading, expands its product range by offering CFD trading on German bunds and on US Treasury Notes. Here are more details from the press release: How It Works The first instrument is quoted in the MetaTrader 4 platform as #USTNote and is a CFD with the reference instrument in a … “Admiral Markets offers CFDs on German bunds on US”
Orbex gains traction at the Malaysia Financial Investments Seminars
Cyprus based forex broker Orbex celebrates the success of its financial investment seminars in Malaysia. Here is information from the official press release: Orbex international investment firm has held seminars in Kuala Lumpur and Johor Bahru (Malaysia) dedicated to educating local investors on international investment opportunities and educating on market analysis tactics. The two events … “Orbex gains traction at the Malaysia Financial Investments Seminars”
AUDUSD Triggers Corrective Recovery, Trades Above 0.6938/36 Zone
AUDUSD: The pair has triggered a recovery higher following a rejection of downside prices with two long-tailed candles on Sept 24/29 2015. This suggests a temporary bottom is now in place. While the 0.6938/36 zone remains as supports, we are likely to see further move higher. On the downside, support resides at the 0.6950 level … “AUDUSD Triggers Corrective Recovery, Trades Above 0.6938/36 Zone”
Canada, Catalonia, Copper and more – MM #69
After starting off with the recent market moving events in the US, we take deeper dives into these CCCs, all are stories which will continue dominating the scene. We sign off with previewing the important events along the road. You are welcome to listen, subscribe and provide feedback. Recent US developments: The US dollar found reasons to rise … “Canada, Catalonia, Copper and more – MM #69”
Economic Reports Spark Rally of Great Britain Pound
The Great Britain pound rallied today, boosted by a couple of favorable macroeconomic reports released from the United Kingdom during the Wednesday’s trading session. UK gross domestic product rose 0.7 percent in the second quarter of 2015 according to the final estimate, unchanged from the preliminary reading and matching analysts’ predictions. The current account deficit shrank to £16.8 billion in Q2 2015 down from £24.0 billion in Q1 (revised, £26.5 billion before … “Economic Reports Spark Rally of Great Britain Pound”
NZ Dollar Gains After Mixed Data
The New Zealand dollar gained today against its major peers even though domestic economic reports were mixed, providing not that much help to the currency. The seasonally adjusted number of building consents dropped 4.9 percent in August following the 20 percent gain in July. As for the positive part of today’s data, the ANZ Business Confidence improved markedly from -29.1 in August to -18.9 in September. The reports had limited impact on the New … “NZ Dollar Gains After Mixed Data”
Aussie Gains amid Risk Appetite & Mixed Data
The Australian dollar ticked up during the Asian trading session today amid returning risk appetite and mixed domestic macroeconomic data. The gains were limited though. The seasonally adjusted number of building approvals dropped 6.9 percent in August from July, much more than 1.8 percent predicted by experts. At the same time, private sector credit rose 0.6 percent last month, at the same rate as in the month before, while economist … “Aussie Gains amid Risk Appetite & Mixed Data”