Newsquawk Week Ahead: Highlights include FOMC, ECB, BoE, PMI data, US Jobs, EZ CPI
Australian Retail Sales (Tue): The December Retail Sales data is seen printing at -1.0% vs the prior of +1.4%. Desks highlight that November’s Black Friday and Cyber Monday events were successful, as indicated in the November data, although analysts will now assess the impact of higher rates over the Christmas period. Westpac, citing the Westpac […]
Weak UK PMI data points to further Pound weakness |
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Dollar Index (DXY) Pops on U.S. PMI Beat
U.S. DOLLAR ANALYSIS & TALKING POINTS PMI data surpasses estimates across the board. Will we see a complete descending triangle break? Recommended by Warren Venketas Get Your Free USD Forecast Get My Guide USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team […]
Japan’s factory activity extends declines for third straight month – PMI
TOKYO, Jan 24 (Reuters) – Japan’s manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday.The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in […]
UK January flash services PMI 48.0 vs 49.7 expected
Prior 49.9 Manufacturing PMI 46.7 vs 45.5 expected Prior 45.3 Composite PMI 47.8 vs 49.1 expected Prior 49.0 That’s a steep drop in UK services activity, with the headline reading slumping to a two-year low. There is a bit of reprieve in that manufacturing activity nudged higher but overall, the data highlights a further sustained […]
German Preliminary Manufacturing PMI drops to 47.0 in January vs. 47.9 expected
German Manufacturing PMI arrives at 47.0 in January vs. 47.9 expected. Services PMI in Germany jumps to 50.4 in January vs. 49.7 expected. EUR/USD erases gains near 1.0870 on mixed German PMIs. The German manufacturing sector contraction moderated in January even as inflation continues to slow, the preliminary manufacturing activity report from S&P Global/BME research […]
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, PMI, Nikkei 225, ECB, EUR/USD – Talking Points The Japanese Yen inched higher after a tick-up in PMI numbers A buoyant mood from US tech stocks spilled into other equity markets As the Lunar New Year festivities continue, will thin trade impact USD/JPY? Recommended by Daniel McCarthy Get Your Free […]
Brexit, UK tax concerns probe bulls above 1.2350, PMIs eyed
GBP/USD clings to mild gains after reversing from 7.5-month high the previous day. UKICE reports no likely change to Brexit terms despite UK’s latest hardships. Concerns surrounding UK’s tax cuts in upcoming budget, tax probe on Conservative leader also probe Cable buyers. Preliminary readings of UK/US PMIs for January, BOE’s Pham eyed for fresh impulse. […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
XAU/USD grinds higher ahead of United States Gross Domestic Product
Gold price remains sidelined near nine-month high after a five-week uptrend. Mixed signals from Federal Reserve, mostly downbeat United States data improved sentiment and propelled Gold prices of late. Lunar New Year holidays in China, Fed’s ‘Blackout period’ may challenge XAU/USD traders. Purchasing Managers Indexes, Gross Domestic Product will be crucial for fresh impulse. Gold […]