Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Italy Gross Domestic Product (YoY) in line with expectations (1%) in 2Q
Italy Gross Domestic Product (YoY) in line with expectations (1%) in 2Q
Greece S&P Global Manufacturing PMI climbed from previous 54.3 to 54.4 in August
Greece S&P Global Manufacturing PMI climbed from previous 54.3 to 54.4 in August
Eurozone HCOB Manufacturing PMI came in at 52.7, below expectations (52.8) in August
Eurozone HCOB Manufacturing PMI came in at 52.7, below expectations (52.8) in August
Germany HCOB Manufacturing PMI registered at 54.3 above expectations (54.1) in August
Germany HCOB Manufacturing PMI registered at 54.3 above expectations (54.1) in August
Australian Dollar: Short-term pullback within broader uptrend against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has corrected from 0.7208 but is now rebounding, with intraday trade expected between 0.7155 and 0.7180.
France HCOB Manufacturing PMI came in at 51.1, below expectations (51.5) in August
France HCOB Manufacturing PMI came in at 51.1, below expectations (51.5) in August
Italy HCOB Manufacturing PMI below expectations (51.5) in August: Actual (49.6)
Italy HCOB Manufacturing PMI below expectations (51.5) in August: Actual (49.6)
Euro: Proactive ECB seen as supportive – Commerzbank
Michael Pfister at Commerzbank notes that several central banks, including the European Central Bank (ECB), have already raised rates following the inflation shock linked to the Iran conflict.
NZD/USD Price Forecast: Flirts with ascending trend-line near 0.5900 as traders eye RBNZ
The NZD/USD pair attracts some sellers following a modest intraday uptick to the 0.5930 region and languishes near the lower end of its daily range during the early European session on Tuesday.
Switzerland SVME - Purchasing Managers' Index registered at 57.1 above expectations (53.5) in August
Switzerland SVME - Purchasing Managers' Index registered at 57.1 above expectations (53.5) in August
Japanese Yen: BoJ hike expectations shape FX – MUFG
Michael Wan at MUFG notes continued dispersion in Asia FX, with USD/JPY trading just below 160. NHK reports US officials urging Japan to raise interest rates, while markets already price a 92% chance of a September Bank of Japan (BoJ) hike.
AUD/USD Price Forecast: Rising 20-day EMA backs more upside
The Australian Dollar (AUD) trades marginally lower at around 0.7164 against the US Dollar (USD) during the European trading session on Tuesday.
Spain HCOB Manufacturing PMI registered at 49.5, below expectations (50.1) in August
Spain HCOB Manufacturing PMI registered at 49.5, below expectations (50.1) in August