Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
United Kingdom S&P Global Services PMI came in at 51.7 below forecasts (52) in September
United Kingdom S&P Global Services PMI came in at 51.7 below forecasts (52) in September
United Kingdom S&P Global Manufacturing PMI above expectations (51.4) in September: Actual (52)
United Kingdom S&P Global Manufacturing PMI above expectations (51.4) in September: Actual (52)
Australian Dollar slides to one-week low, below 0.7100 ahead of jobs data on Thursday
The AUD/USD pair comes under heavy selling pressure on Wednesday and weakens further below the 0.7100 mark, hitting a one-week low during the early part of the European session.
Japanese Yen: Downside still favoured toward 158.40 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/JPY after the pair closed at 157.37. They still see scope for further US Dollar (USD) strength, with intraday moves expected within 157.10–157.90 and firm resistance at 158.40.
Eurozone flash Manufacturing PMI remains steady at 52.7 in September
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone remains steady at 52.7 in September, while it was expected to drop to 52.6. The Composite PMI unexpectedly rises to 53.1 from 52.0 in August.
Eurozone HCOB Manufacturing PMI in line with forecasts (52.7) in September
Eurozone HCOB Manufacturing PMI in line with forecasts (52.7) in September
Eurozone HCOB Services PMI registered at 53 above expectations (51.7) in September
Eurozone HCOB Services PMI registered at 53 above expectations (51.7) in September
Eurozone HCOB Composite PMI registered at 53.1 above expectations (51.5) in September
Eurozone HCOB Composite PMI registered at 53.1 above expectations (51.5) in September
South Africa Consumer Price Index (MoM) dipped from previous 0.2%Â to 0% in August
South Africa Consumer Price Index (MoM) dipped from previous 0.2%Â to 0% in August
South Africa Consumer Price Index (YoY) registered at 4.4%, below expectations (4.5%) in August
South Africa Consumer Price Index (YoY) registered at 4.4%, below expectations (4.5%) in August
Indonesian Rupiah holds losses following BI rate decision
USD/IDR loses ground for the second successive day, trading around 17,850 during European hours on Wednesday. The pair holds losses as the Indonesian Rupiah (IDR) remains subdued following the release of Bank Indonesia (BI) interest rate decision.
Hungarian Forint: HUF outlook mixed after NBH pause – ING
ING strategist Frantisek Taborsky says the National Bank of Hungary (NBH) delivered an expected pause in rate cuts and lowered its inflation target to 2.5%, creating a supportive backdrop for the Hungarian Forint.
Germany’s flash Manufacturing PMI unexpectedly drops to 53.8 in September
German flash HCOB Manufacturing PMI has come in lower at 53.8 in September. The data was expected to arrive higher at 54.5 from 54.3 in August. However, the overall business activity remain stronger-than-expected due to robust Services PMI data.