UK business activity weakened in October, with both the manufacturing and services sectors showing signs of slowing momentum. PMI Manufacturing index dropped from 51.5 to 50.3, marking a 6-month low, while PMI Services index fell Read more…
AUDUSD edges higher on Thursday morning after bears repeatedly failed to clear 200DMA support (0.6627). Recovery is in its early stage and needs more work at the upside to generate firmer positive signal, although near-term Read more…
Eurozone’s economic activity showed mixed signals in October, with PMI Manufacturing rising slightly from 45.0 to 45.9, while PMI Services fell marginally from 51.4 to 51.2. As a result, Composite PMI ticked up slightly to Read more…
There was hope Wednesday afternoon that the 33,000 machinists who had been striking Boeing Co. (BA) since Sept. 13 would ratify the new contract offer. It was management’s hope. It was also Wall Street’s hope. Read more…
Germany’s economic outlook improved slightly in October, as PMI Manufacturing index rose to 42.6 from 40.6, while PMI Services climbed to 51.4 from 50.6. This led to a rise in Composite PMI to 48.4 from Read more…
France’s economic woes intensified in October, with PMI data showing further contraction across key sectors. PMI Manufacturing edged down slightly from 44.6 to 44.5. More notably, Services PMI dropped to 48.3 from 49.6, hitting a Read more…
EUR/USD has tumbled to 1.0789, marking a near three-month low as market sentiment heavily favours the US dollar. The dollar’s strength is driven by expectations of a gradual and limited interest rate cut by the Read more…
Austrian ECB Governing Council member Robert Holzmann, one of the more hawkish voices, signaled that a 25bps cut is “probable” at the December meeting. While a larger, half-point cut isn’t “impossible”, it’s unlikely. Holzmann emphasized Read more…
Markets German Bunds significantly outperformed US Treasuries yesterday, especially at the front end of the curve. The German 2-yr yield lost 7.2 bps compared with a 4.7 bps increase for the US 2-yr yield. EUR/USD Read more…
The first three sessions of the week haven’t been appetizing as the US political uncertainties, the ongoing geopolitical jitters in the Middle East, and the mounting expectation that Federal Reserve (Fed) would slow down the Read more…