The Eurozone economy gathered momentum at the start of the third quarter, with business activity expanding at its fastest pace in eight months as the services sector returned to growth. The final S&P Global Composite PMI rose to 52.0 in July from 50.0 in June, while the Services PMI climbed to 51.7 from 49.4, its […]
The post Eurozone Composite PMI Climbs to Eight-Month High, Indicates 0.3% Quarterly GDP Growth appeared first on ActionForex.
AUD/USD is rallying on improving risk sentiment and a softer Dollar, but the same falling oil prices driving that optimism are also weakening two of Australia’s own fundamental supports — explaining why the pair has Read more…
The Aussie and the Kiwi are telling two very different monetary policy stories right now, and the divergence is starting to show up clearly in the cross. The RBA held its cash rate at 4.35% Read more…
Following last week’s sharp decline, the US dollar has entered a consolidation phase against most major currencies. At the same time, some instruments, including USD/JPY, are showing a moderate recovery as markets await fresh macroeconomic Read more…