Pound Tracks Manufacturing PMI, Crude on High
Wednesday, 10 January 2018 / Published in Forex Daily News, Market News
Pound tracks manufacturing PMI, while crude moves higher on Wednesday following UK big economic releases. Let’s take a look at the figures! Manufacturing production represents about 80% of the UK’s total industrial production. According to the Office for National Statistics, the country’s manufacturing PMI came in at 0.4% m/m in November, against a 0.3% consensus
EURUSD Still on the Upside ahead of ISM and FOMC Minutes?
Wednesday, 03 January 2018 / Published in Daily Morning Report, Forex Daily News, Market News
EURUSD still on the upside ahead of ISM and FOMC Minutes? So it seems, especially in Asia, the pair stumbled as sellers remained close to 1.2065s. At the same time, the EURUSD movement to the upside ahead of ISM and FOMC minutes was supported by a pause in the USD sell-off, while the most traded
More on Kiwi, Majors and Crude
Thursday, 23 November 2017 / Published in Forex Daily News, Market News
EUR and GBP are in focus today as GDP and PMI releases flood the markets. Investors are waiting for more impetus from the news. Markets are also focused on the second reading of the UK Q3 GDP and CBI realised sales figures. In the meantime, the ECB monetary policy meeting minutes will capture most of