Final Manufacturing PMI 51.5 vs. 51.5 expected and 52.5 prior. Key findings: Growth of output and new orders ease slightly. Business confidence down to nine-month low. Comment: Rob Dobson, Director at S&P Global Market Intelligence: “The UK manufacturing sector is still expanding at a solid, albeit slightly slower, pace. Output rose for the fifth successive month in September, underpinned…
Italy HCOB Manufacturing PMI below expectations (49) in September: Actual (48.3)
2024.10.01 2024.10.01 US Jobs Data to Drive EURUSD. Forecast as of 01.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US Federal Reserve has started the monetary expansion cycle quite aggressively and is now prepared to adopt a more measured approach if the US economy remains as robust as anticipated. In light of the ongoing challenges in the eurozone, there is an elevated risk…
Dollar traders seem excited to adjust positions ahead of Friday’s NFP release, so leading jobs indicators like the ISM manufacturing PMI could spark volatility early this week. Expectations are for a slight improvement in September, which means that an upside surprise could continue to dampen expectations for aggressive Fed easing. Here’s what I’m watching on the hourly…
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AUD/JPY draws support from a combination of factors and moves back closer to a two-month top. Ishiba’s comments about BoJ rate hikes overshadow upbeat domestic data and undermine the JPY. The stronger Australian Retail Sales data boosts the Aussie amid optimism over Chinese stimulus. The AUD/JPY cross attracts buyers for the second straight day on Tuesday and climbs to…
Where them gold bugs at? Spot gold (XAU/USD) looks ready to extend a longer-term trend after touching a few technical support levels. Think the precious metal will see new record highs this week? Gold (XAU/USD) 4-hour Forex Chart by TradingView In case you missed yesterday’s headlines, a lack of top-tier data releases enabled the markets to take a breather…
Retail sales in Australia bouncing in August, well above estimates: Building approvals headline fell further than forecast. This article was written by Eamonn Sheridan at www.forexlive.com.
Japan Jibun Bank Manufacturing PMI above forecasts (49.6) in September: Actual (49.7)
This week, all eyes will be on the Fed and the European Central Bank (ECB) as the U.S. and Euro Area release key reports that could shape the next moves from both central banks. Specifically, investors are expected to focus on the U.S. September non-farm payrolls report and the Euro Area’s flash CPI estimate, both of which will…
