Key risk events today: RBA Rate Statement and Cash Rate; UK Services PMI; Canada Trade Balance; US ISM Non-Manufacturing PMI. EUR/USD: Europe’s shared currency bowed south against its US counterpart Monday, as the dollar index recorded healthy gains. Shrugging off final EUR Markit manufacturing PMI data which ticked up to 45.9 from 45.7, the EUR/USD … Continue reading Tuesday 5th November: Havens wane on positive trade-deal hopes.
The headline seasonally adjusted UK manufacturing purchasing managers’ index (PMI) rose to 49.6 in October, up for the second successive month but remaining below the neutral 50.0 mark separating expansion from contraction, according to Markit.
Please find our updated Trading schedule as US will enter Daylight Savings Time on Sunday, 03rd November, 2019.
The Federal Open Market Committee (FOMC) cut its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% on Wednesday, as expected, but specified the moves to ease policy could be approaching a pause.
Key risk events today: German Prelim CPI m/m; US ADP Non-Farm Employment Change; US Advance GDP q/q; US Advance GDP Price Index q/q; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Crude Oil Inventories; FOMC Statement, Federal Funds Rate and FOMC Press Conference. EUR/USD: Europe’s shared currency settled a touch higher against … Continue reading Wednesday 30th October: Dollar index lower ahead of Fed meeting.
