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The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7. USD/JPY reacted to the news by declining to the support zone at 156.00/156.25. By mid-day, the range had held and the declined appeared to be
Despite passing below 1.2700, the GBP/USD has not declined, as support was found in the 1.2680 level. This level managed to force the pair to trade back above 1.2700. On Monday, the publication of the US ISM Manufacturing PMI caused a surge of the rate and it was set to once again test the 1.2800 mark. Economic Calendar This week, the
The EUR/USD continues to fluctuate between a support zone near 1.0800 and the resistance of the 1.0875/1.0885 range. It appears that the pair could fluctuate in this range until the publication of the European Central Bank Main Refinancing Rate and Monetary Policy Statement. When the monetary policy is revealed, the rate is set to reveal its direction. Economic Calendar Analysis This
Campbell Soup has started to restructure its manufacturing by firing 415 employees at various state plants.
The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7. US Dollar index reacted to the news by dropping 0.18% and extending a prior decline. On the gold price charts it caused a recovery that
The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7. USD/JPY reacted to the news by declining to the support zone at 156.00/156.25. By mid-day, the range had held and the declined appeared to
Despite passing below 1.2700, the GBP/USD has not declined, as support was found in the 1.2680 level. This level managed to force the pair to trade back above 1.2700. On Monday, the publication of the US ISM Manufacturing PMI caused a surge of the rate and it was set to once again test the 1.2800 mark. A move above the
The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7. US Dollar index reacted to the news by dropping 0.18% and extending a prior decline.
The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. US Dollar index reacted to the news by dropping 0.16% and extending a prior decline.
The EUR/USD continues to fluctuate between a support zone near 1.0800 and the resistance of the 1.0875/1.0885 range. It appears that the pair could fluctuate in this range until the publication of the European Central Bank Main Refinancing Rate and Monetary Policy Statement. When the monetary policy is revealed, the rate is set to reveal its direction. A move above
Despite still moving higher, consumer inflation in Brazil has reportedly been lower than expected. In May, markets expected a 0.48% price rise, but actual increase is 0.44%. However, comparing it to the prior rise of 0.21%, it signals a return of inflation.
In April, prices for Japanese corporate services have increased at the fastest pace since March 2015. The new data is set to pressure the Bank of Japan to hike interest rates.
Due to increasing rivalry with gasoline engine makers, BYD has revealed a new car that is using plug-in hybrid technology.
US firm T-Mobile has set out to buy out the regional company's US Cellular wireless operations, customers, stores and 30% of spectrum assets. The deal is set to amount to $4.4 billion.
This week, in the aftermath of a stock sale of $933 million done by the firm's management, the stock price of GameStop was observed to be recovering.
UBS Global Research has increased the end of year S&P 500 price target to 5,600. The target indicates an upside of more than 5.00%.
The Vietnamese electric vehicle maker VinFast has been considering buying a production plant in the United States for a total of $4 billion.
The Bank of Japan Board Member Seiji Adachi has hinted that the central bank could increase interest rates, if a decline in the Yen would cause more inflation.
As the European Union has been moving to increase tariffs on Chinese made electric vehicles, the Chinese government has decided to negotiate and make a deal with the EU.
The union of the workers of the South Korean giant Samsung Electronics has announced that the workers could strike next week unless its demands for higher wages were met.
The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline. However, the USD was already declining during the early hours of today's trading
The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline.
International Monetary Fund has raised its forecast for Chinese GDP growth, as the organization expects the Chinese economy to grow by 5.00%.
The mining company Anglo American has rejected BHP Group's offer to extend takeover talks further above the set deadline.