China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday. Meanwhile, the Chinese Caixin Services PMI dropped sharply to 50.3 in September from August’s 51.6. AUD/USD reaction to China’s Caixin PMI data At the time of writing, the AUD/USD pair is paring back gains to trade near 0.6920, still…
The data is here from earlier: Japan data – August Industrial production -3.3% m/m (expected -0.9%) Japan August Retail Sales 2.8% y/y (expected 2.3%) A Japanese government says output will get better aehaed: Fall in motor vehicle production contributed to the decline in August Chip-making equipment output also decreased due to weaker overseas demand Chip-making machinery exports to Taiwan…
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Japan election October 27 rumoured, NHK. Japan’s NKH, Japan Broadcasting Corporation (also known as NHK) is a Japanese public broadcaster. Reporting the new Prime Minister is planning a general election for October 27. Shigeru Ishiba was elected ruling party (LDP) leader and soon-to-be prime minister on Friday. Rep[orts are he has decided to hold a general election on October…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
This week our currency strategists focused on the Australian CPI update and the monetary policy statement from the Swiss National Bank for potential high-quality setups. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review…
The GDP tracker from the Atlanta Fed is rising after today’s round of data. It’s up to 3.1% from 2.9%. After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, a decline in the nowcast of real personal consumption expenditures growth was more than offset by increases in the…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
A US security official is saying that the US approach to finding a diplomatic solution to the Israeli/Hezbollah conflict no longer has a chance of success at least for now. Earlier Israel’s PM Netanyahu said that Israel is forced to defend itself on war front organized by Iran. He stated that “If you strike us,we will strike you” and…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
