Australia’s private sector showed tentative signs of stabilization in June, with the S&P Global Flash Composite PMI Output Index rising from 48.7 to 49.8. The improvement was driven primarily by services, where the Business Activity Index increased from 48.7 to 49.9. Manufacturing PMI edged up from 50.7 to 51.2. However, manufacturing output remained subdued, slipping […]
The post Australia Composite PMI Climbs Toward Growth, But Demand Remains Weak appeared first on ActionForex.
Key takeaways The unwinding of the Middle East risk premium continues to pressure energy markets. The US-Iran 60-day implementation roadmap and temporary authorisation of Iranian crude exports have accelerated the liquidation of long oil positions, Read more…
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As USD/JPY marched crept closer to 2024’s 38-year highs, traders knew they were entering territory where Tokyo becomes increasingly uncomfortable. That sensitivity was evident when Japan’s Finance Minister Satsuki Katayama revealed she had held talks Read more…