Traders shrink bets on Fed rate cuts following the US PMIs
Rate cuts by year-end Fed: 59 bps (85% probability of no change at the upcoming meeting) ECB: 50 bps (70% probability of rate cut at...
Tag : PMIs
EUR/USD Outlook: Dollar Gains as PMIs Calm Recession Fears
The EUR/USD outlook points south as the dollar regains momentum. The US composite PMI increased from 51.6 to 53.5 in March. Trump said he might...
Gold Stumbles as US PMIs Shine Brighter
Fundamental Overview Gold came under some pressure yesterday following the US Flash PMIs as the data showed a strong rebound from the prior month. That...
Eyes on tariffs once again but US PMIs will be a highlight as well
We got some good weekend news on tariffs for a change as Bloomberg’s Josh Wingrove reported that tariffs are now planned to be more targeted...
Economic calendar in Asia 24 March 2025 – Flash PMIs from Australia and Japan
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
Newsquawk Week Ahead: US PCE, Global PMIs, UK CPI and Spring Statement, BoJ SoO
Mon: EZ/UK/US Flash PMIs (Mar) Tue: PBoC MLF Announcement, NBH Announcement, German Ifo Survey (Mar), US Richmond Fed (Mar) Wed: BoC Minutes, CNB Announcement, Australian...
China February PMIs: Manufacturing 50.2 (expected 50.0) Services 50.4 (expected 50.3)
Official February 2025 PMIs from China’s National Bureau of Statistics (NBS) Manufacturing 50.2, beating the median consensus estimate and back into expansion (I posted a...
Official China February PMIs will be published on the weekend – improvement expected
Manufacturing and service are both expected to improve over January. manufacturing is expected to move into expansion. Looking at recent history: Manufacturing PMI: July 2024:...
EURUSD Technical Analysis – The focus switches to the US PMIs
Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s...
PMIs back in focus to wrap up the week
The dollar fell in trading yesterday but the major currencies bloc is not showing much change so far today outside of the Japanese yen that...