German PMI results in an anemic euro bounce, while the Norwegian crown surges on strong GDP
Despite the resilience of the German economy, the euro zone picture has not become brighter, which dooms the euro to underperform in the mid-term. Better than expected German Services and Manufacturing PMI data More...
GBP/USD spikes to session highs as UK services PMI soars to 59.1
The pound traded higher on Tuesday morning supported by data on the UK services PMI underscoring solid services sector performance. The British pound jumped to session highs against the US dollar on Tuesday supported More...
The British pound sinks after a drop in UK Manufacturing PMI
The GBP closed below its 50-day Moving Average for a third day in a row, eyes more losses. The British pound continued its decline today after the UK Manufacturing PMI missed analysts’ expectations and dropped More...
The China PMI figure is likely to give a boost to the energy and metals complex
The positive China PMI figure gives hope that the country is gradually going over its recent soft patch and sets a bullish daily tone to energy and metal futures. Energy commodities and metals would be probably More...
