Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
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.
Equities: Flat close with sector rotation – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities finished virtually flat, as strength in technology and semiconductor stocks offset a sharp decline in financials.
Germany HCOB Manufacturing PMI came in at 53.8, below expectations (54.5) in September
Germany HCOB Manufacturing PMI came in at 53.8, below expectations (54.5) in September
Germany HCOB Services PMI came in at 52.9, above expectations (50) in September
Germany HCOB Services PMI came in at 52.9, above expectations (50) in September
Germany HCOB Composite PMI above expectations (0) in September: Actual (53.8)
Germany HCOB Composite PMI above expectations (0) in September: Actual (53.8)
Indonesia Bank Indonesia Rate meets forecasts (5.75%)
Indonesia Bank Indonesia Rate meets forecasts (5.75%)
France HCOB Manufacturing PMI below expectations (50.9) in September: Actual (50.3)
France HCOB Manufacturing PMI below expectations (50.9) in September: Actual (50.3)
France HCOB Services PMI registered at 51.4 above expectations (48.5) in September
France HCOB Services PMI registered at 51.4 above expectations (48.5) in September
France HCOB Composite PMI came in at 51.2, above expectations (0) in September
France HCOB Composite PMI came in at 51.2, above expectations (0) in September
USD/CAD Price Forecast: Eyes 1.4100 as bulls retain control near July 29 highs
The USD/CAD pair prolongs its weekly uptrend for the third straight day, hitting a fresh high since July 29 during the early part of the European session on Wednesday. Bulls now await a move beyond the 1.4100 round figure before positioning for further gains amid a supportive fundamental backdrop.
Euro nudges up against British Pound with Eurozone and UK PMIs in focus
The Euro (EUR) edges up against the British Pound (GBP) for the second consecutive day on Wednesday, although it remains halfway within recent ranges, with trading volumes at low levels, and investors awaiting Purchasing Managers Index (PMI) data from the UK and the Eurozone.
New Zealand Dollar declines to near 0.5700 on hawkish Fed remarks ahead US PMI data
The NZD/USD pair declines to around 0.5710 during the early European trading hours on Wednesday. Hawkish rhetoric from US Federal Reserve (Fed) officials regarding sticky US inflation provides some support to the US Dollar (USD) against the New Zealand Dollar (NZD).