US preliminary wholesale inventories for June +0.2% versus 0.5% estimate
Prior month was 0.6% Wholesale inventories advanced for June 0.2% versus 0.5% estimate. Retail inventories ex auto 0.2% versus revised…
Category: Forex News
Germany reportedly to hold general elections on 28 September next year
The newswire says that the date had been decided by the German cabinet. It has to be held at the…
Eurozone July flash services PMI 51.9 vs 53.0 expected
Prior 52.8 Manufacturing PMI 45.6 vs 46.1 expected Prior 45.8 Composite PMI 50.1 vs 51.1 expected Prior 50.9 The growth…
The ECB wants to cut rates further but it still hasn't gotten the green light yet
But alas, the ECB has to keep their focus on inflation pressures first and foremost. If growth expectations were the…
UK July flash services PMI 52.4 vs 52.5 expected
Services PMI 52.4 vs. 52.5 expected and 52.1 prior. Manufacturing PMI 51.8 vs. 51.1 expected and 50.9 prior. Composite PMI…
Germany July flash services PMI 52.0 vs. 53.1 expected
Services PMI 52.0 vs. 53.1 expected and 53.1 prior. Manufacturing PMI 42.6 vs. 44.0 expected and 43.5 prior. Composite PMI…
Eurostoxx futures -0.5% in early European trading
German DAX futures -0.4% French CAC 40 futures -0.7% UK FTSE futures -0.2% It’s a bit of a rough one…
PMI data back in focus in Europe today
The theme among major currencies recently has been a stronger yen, with USD/JPY continuing to drop. But the dollar itself…
USD/JPY drops below 155.00 mark for the first time in seven weeks
It has been a recurring theme this week to see the Japanese yen pick up some bids in the handover…
Bank analysts see a higher USD if Trump wins the election – despite his talk of lower
Bloomberg (gated) gathered together views on the USD from Deutsche, Barclays, and Morgan Stanley. Deutsche Bank say that tarriffs &…