According to the Institute for Supply Management's report, the US non-manufacturing index dropped to 56.9 points in September from August's 59.0 points. Although the figure was not in line with analysts' forecast of 58.0 points, it nevertheless remained above the 50-point handle, indicating the service sector's growth. Business activity and new orders both tumbled in September, with 60.2 and 56.7
The Japanese Yen outstripped the US currency on Tuesday and kept further increasing, thus, recovering after four consecutive sessions of losses. At the current moment, the currency pair trades 0.23% lower, at ¥120.22, heading towards ¥120.06. Market participants are expecting further actions form the Bank of Japan that is scheduled to have another monetary policy meeting tomorrow.
Prices in Switzerland tumbled for the 11th month in a row, recording the biggest annual fall since 1959, the Federal Statistical Office reported. Measured on an annual basis, the Swiss consumer prices slid 1.4%, equal to the decline rate in August. Analysts had projected prices to decrease by 1.5%. In monthly terms, the Consumer Price Index booked an increase of
New Zealand's currency climbed up against the US Dollar on Tuesday amid the Reserve Bank of Australia's announcement of an unchanged monetary policy for the fifth consecutive month. The NZD/USD pair changed hands at $0.6493, slightly easing from its session high of initially $0.6516. According to statistics published earlier, New Zealand's business confidence indicator dropped to minus 14 in Q3,
The house prices in the UK experienced in September their biggest decline in more than one year, reported Halifax. The home cost on average dropped 0.9% from the prior month. In contrast to that, prices soared 2.7% in August. Compared with a year ago, prices increased 8.5% in September, while they rose by 2% in Q3. House-price inflation started to
The Australian Dollar extended gains against its US counterpart on Tuesday, as the RBA kept its interest rate on hold for the fifth consecutive month. The AUD/USD advanced nearly 0.7%, to trade at the fresh two-week high of $0.7134 just after the decision. By holding its interest rate steady at 2%, the RBA showed that the recent falls in commodity
Even though the Greenback stayed weak after the release of US employment data, the single European currency failed to strengthen against the US Dollar. The Euro continues to trade choppy on Tuesday, fluctuating around 1.12 dollars. This was also influenced by the most recent German data on factory orders for the eight month of the year that posted a second
European equity markets opened lower on Tuesday, following weak factory orders in the Euro area's number one economy powerhouse, with traders trying to plot the next Fed's policy moves. Germany's DAX 30 index declined 0.19%, while the UK FTSE 100 index lost 0.31%. Among the other indices, the French CAC 40 edged 0.05% lower, while the pan-European Euro Stoxx decreased
Prices for crude oil were trading flat on Tuesday ahead of a report on US commercial crude inventories. WTI futures for November delivery were down $0.01 to trade at $46.25 per barrel, whereas Brent futures for delivery in November climbed up $0.09 to trading at $49.34 per barrel. In the prior week, the US government reported that refineries operated at
Factory orders in Germany remained in the red in August, indicating that the Euro zone's biggest economy is also vulnerable to headwinds from slowdown in emerging economies. According to Tuesday's report, industrial orders in Germany fell 1.8% during the reported month, while analysts expected the reading to post a 0.5% increase. In the prior month, the revised gauge dropped 2.2%.
The British services PMI tumbled for the ninth month of the year, down from the 55.6 points in August to 53.3 last month, making it the lowest reading of the services sector activity since April 2013. As a result, the Sterling dropped after the PMI release and the EUR/GBP pair traded somewhat above the 0.74 mark. On Thursday, the BoE will
Prices for gold tumbled on Monday; however, the metal largely kept gains from their biggest rise in approximately nine months in the prior session as weak US employment numbers dampened expectations for this year's rate hike. Gold futures for delivery in December fell 0.22% to reach $1,134.10 per ounce. Futures for silver slipped 0.51% to $15.185 per ounce, whereas those
The World Bank has downgraded its economic growth forecast for East Asia and the Pacific for the present and upcoming year that was mainly driven by dull economic indicators for China. More precisely, the Bank forecasts the Asia Pacific region to grow 6.5% in 2015 and 6.4% the next year, which is lower than the previous projection of 6.7%. The
The British Pound advanced versus the US Dollar on Monday, following Friday's disappointing employment figures from the US. The Cable added 0.38% to trade at $1.5231 by 07:55 AM GMT, after slipping to $1.5169 in the early Asian session. The Sterling also received a little boost from today's uptick in the stocks across Europe. Meanwhile, ahead in the day, traders await the services PMI
Prices for crude oil rose on Monday after the Greenback declined due to the released US jobs data that came in weaker than expected. WTI futures for November delivery were up $0.32 to trade at $45.86 per barrel, while futures for Brent increased $0.32 to trade at $48.45 per barrel. The Dollar index last fell 0.02% to reach $95.810.
The Australian Dollar jumped up after the release of the disappointing US non-farm payrolls data from the previous week, hence pushing the analysts' expectations for the Fed's interest rate hike into the beginning of the next year. The Aussie climbed up from Friday's $0.7046 to trade at $0.7061. After the weekend, the Antipodean currency reached its peak of $0.7069 following
Equity markets across Asia grew on Monday, as the trading mood was boosted thanks to weak employment report from the US, which cooled expectations that the Federal Reserve will start raising interest rates soon. Japan's Nikkei index rallied 1.58%, the Australian S&P ASX jumped 1.9%, while South Korea's Kospi added 0.44%. In the meantime, Hong Kong's Hang Seng rose 1.38%,
The US Dollar strengthened versus the Yen and the Euro ahead of the widely awaited release of US non-farm payroll data, which could enable to clarify whether there is going to be a hike in interest rate by the Fed during the next monetary policy meetings. The shared currency tumbled 0.19% trading at $1.1174, while the Dollar increased by 0.11%
Crude oil prices stepped up due to the growing conflict in Syria that raised concerns over supply interruption in the region. Futures for Brent rose 0.5% to trade at $48.64 per barrel, whereas WTI futures were traded 1.2% higher at $45.33 per barrel. Nevertheless, crude prices are expected to end the week in negative territory.
The British Pound remained stable and stayed at positive levels on Friday following the latest release of the UK PMI data from the construction sector, which visibly expanded territory in September. The Sterling climbed up 0.20% against the Greenback and is presently trending at $1.5160. The activity in the British construction sector advanced reaching 59.9 points, thus, being the highest
Following the final report on the UK GDP figures for the second quarter confirming an increase of 0.7% quarter-on-quarter up from the recorded 0.4% in Q1, the British Pound managed to advance on Wednesday. The total economic output rose by 2.4% on year, which was against the forecasted 2.6% growth. The Sterling gained 0.21% to 1.5179 US dollars, recovering from
Crude oil prices slipped on Wednesday after US stockpiles rose more than expected last week. Futures for WTI for November delivery were down $0.44 to trade at $44.79 per barrel, while Brent futures slid $0.36 to trade at $47.87 per barrel. Traders also expressed their concerns about the economic situation in China due to its effect on oil demand.
Platinum prices tumbled below $900 per ounce and hit the lowest level since January 2009 amid worries over the impact of the Volkswagen emissions scandals on demand. Spot prices for the metal were down 1.3% to $904.30 per ounce after an earlier low of $894. Platinum is about to experience its most considerable monthly loss since September 2011.
The Canadian Dollar dropped versus its US counterpart despite stronger oil prices, as the sentiment was hit by fears over global economic growth and commodities turmoil. USD/CAD advanced 0.2% to $1.3418 by 11:22 AM GMT, after reaching the session high at $1.3431. Ahead in the week, traders will eye the release of the Canadian GDP figure for July, as well