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EURUSD Outlook: FOMC Minutes and Flash PMI on the Horizon

EURUSD Outlook: Following the slight cooling of U.S inflation, markets embraced a euphoric sentiment. Will the upcoming FOMC minutes calm it down or amplify it further?

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May 21, 2024 01:36 AM
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EUR/USD Forecast: Can PMIs Break the Bearish Trend?

For this week, Eurozone PMIs and central bank speakers will be the big focus - see the key levels to watch on EUR/USD!

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EUR/USD, GBP/AUD analysis: European open – Jan 24, 2024

S&P global release their flash PMI reports for the major regions today. And with PMI reports from Europe and US, it places EUR/USD onto trader's radars.

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January 24, 2024 05:00 PM

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Can US PMI surveys and employment reports sway bonds? The Week Ahead

Last week we noted that bond yields could trump economic data this week, and for the most part they did. We can also extend that comment into next week, especially if they continue to retreat and loosen their grip on bearish sentiment and allow risk assets to rebound. Highlights in next week’s calendar include the NFP and ISM PMI reports, RBA and RBNZ monetary policy meetings, the quarterly Tankan survey for Japan and Canada’s employment report.

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September 29, 2023 02:16 PM
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FOMC, BOE, BOJ meetings, CPIs and flash PMIs: The Week Ahead – 15/09/2023

Whilst the Fed are expected to hold rates steady in September, next week’s FOMC meeting also includes the quarterly staff projections. And changes to dot plot or CPI estimates can be as good as a hike where market reactions are concerned. The odds of another BOE are next week are not as high as they were, which makes the preceding inflation report paramount to expectations for their next decision. And whilst the BOJ are unlikely to act, that is no reason to drop your guard given their tendency to surprise once in a while. We also have flash PMIs for major regions and inflation data to mull over.

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September 17, 2023 02:54 PM
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USD/CAD hits resistance ahead of BOC, US PMIs: European open – 06/09/2023

The Bank of Canada (BOC) are expected to hold rates at today’s meeting, given GDP unexpectedly contracted in Q2. Still, implied volatility has spiked higher for USD/CAD. Perhaps the BOC pause will not be as dovish as expected, Fed members tout a hold or the rise of bond yields (and therefore the US dollar) lose steam. If so, USD/CAD may be better for short bets beneath the April highs.

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September 6, 2023 03:25 PM
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USD/CNH, AUD/USD: Spluttering services sector activity in China is hardly new news

With policymakers continuing to rollout stimulus measures, it’s questionable whether the USD/CNH pop will last.

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September 5, 2023 12:55 PM
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USD/JPY: economic divergence to drive renewed downside?

As activity in other advanced economies starts to splutter, Japan is firing up.

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August 24, 2023 10:14 AM
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Jackson Hole, Powell speech to drive sentiment: The Week Ahead

The annual Jackson Hole symposium has arrived, and once again Jerome Powell will be the highlight of the event. Last year his speech marked the beginning of a 20% decline for the S&P 500 (which was already in a bear market), so his words clearly packed a punch. We also have retail sales data for the UK, Canada and the US and earnings from a few US companies can also help us measure consumer sentiment.

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August 19, 2023 03:33 PM
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Trader’s guide to the Purchasing Managers’ Index

The Purchasing Managers’ Index is a popular formula to measure the monthly economic change in a country’s manufacturing sector. Traders can use it as a leading indicator to foresee economic developments.

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EUR/USD Analysis: Debt ceiling negotiations set to resume, PMIs up next

The debt ceiling negotiations drag on for at least another day (and likely for the rest of the week). For now we can focus on today’s flash PMIs and how EUR/USD reacts.

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May 23, 2023 02:51 PM
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USD/JPY analysis: PMIs perk up, supply chain pressures ease

PMI data for Japan and Australian has surpassed expectations, which provides a positive lead for flash PMI data from Europe and the US. Meanwhile, USD/JPY bulls eye a move to 140.

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May 23, 2023 12:48 PM
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European Open: Swiss inflation, flash PMI and ISM manufacturing reports in focus

Oil prices have stabilised following OPEC’s surprise oil production cut, which now allows traders to switch their focus over to Swiss inflation, flash PMI and ISM reports.

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April 3, 2023 02:37 PM
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S&P 500 testing 6-week lows as ISM Manufacturing PMI shows price pressures remain

The prices sub-index rose to 51.3 in February, up from 44.5 in January, indicating that manufacturers are paying more for inputs.

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UK beats EU in the battle of PMIs; EUR/GBP takes a hit

EUR/GBP sold off aggressively after the UK posted a stronger flash PMI than that of the Euro Area.

February 22, 2023 07:31 AM
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China’s economy is expanding again, according to official data (USD/CNH)

The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.

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February 3, 2023 01:40 PM
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European Open: China’s PMI squeeze in a surprise expansion, GBP/AUD turns higher

China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen

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January 31, 2023 04:40 PM

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EU markets ease on mixed European PMIs

There were some downside surprises with French and UK services, and German manufacturing, all disappointing expectations

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Average Hourly Earnings steals thunder in NFP jobs data

Markets are focusing on the Average Hourly Earnings data for December, which was lower than expected. But will the Fed see it as dovish as the markets?

January 7, 2023 03:13 AM
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Eurozone stocks turn lower as PMIs remain in contraction

Economic activity remains rooted deeply in negative territory, due to the soaring cost of living, rising interest rates and elevated levels of uncertainty.

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Recession worries grow in busy week for earnings and central banks

Poor PMI data underscore the challenges central banks face at a time when inflation remains very high

Close-up of market chart showing downtrend

Recession worries grow in busy week for earnings and central banks

Poor PMI data underscore the challenges central banks face at a time when inflation remains very high

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European Open: FTSE bulls eye break of 7000, Flash PMI’s up next

Futures suggest the FTSE could challenge the 7,000 resistance level, but we also have flash PMI data in focus for the UK, Europe and US.

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October 24, 2022 04:18 PM