Japan July Manufacturing PMI (final): 49.1 (prior 50.0)
S&P Global / Jibun Bank Japanese Manufacturing PMI for July 2024 comes in at 49.1 first time under 50 (and into contraction) in 3 months prior 50.0, preliminary 49.2 In…
Read More »A technical look at each of the major currency pairs heading into the new trading week
EURUSD USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD and NZDUSD This article was written by Greg Michalowski at www.forexlive.com.
Read More »PBOC is expected to set the USD/CNY reference rate at 7. 2229 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »AUD, NZD falling again
AUD and NZD aren;t the only FX falling against the dollar, but they are performing worse than EUR and GBP. CAD is losing ground also. JPY is rising, USD/JPY is…
Read More »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 52.7 vs. 52.6 expected and 52.3 prior. Key Findings: Flash…
Read More »Nvidia reportedly working on version of new flagship AI chip just for Chinese market
The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced…
Read More »UK retail sales the highlight of the agenda in the session ahead
After the drop on Wednesday, the dollar pushed back in trading yesterday as it gained decent ground to be up on the week now. EUR/USD fell back below 1.0900 while…
Read More »Explosion reported in Tel Aviv – cause is unclear – looks to be near US consulate
The US dollar has popped. But gold has dropped. Correlation is not necessarily causation. There is no other fresh news about. The reports are not on mainstream media, only social…
Read More »Former Pres. Trump rushed off stage after apparent shots fired
Former President Donald Trump was escorted off stage by Secret Service agents at a rally in Butler, PA, after a series of loud noises, possibly gunshots, were heard. Trump was…
Read More »Japan’s core machinery orders missed estimates for a rise m/m in May – recap
Japan’s core machinery orders missed estimates for a rise m/m in May, falling instead. Japan Core Machinery Orders (May 2024) -3.2% m/m (vs. expected +0.8%) this is a volatile indicator…
Read More »