UK August construction PMI 50.8 vs 50.5 expected
The headline may still show a slight rise in construction output in August but new orders suffered their steepest decline since May 2020 amid rising borrowing costs. S&P Global notes…
Pound Sterling falls vertically as recession risks renewed, Services PMI eyed
Share: Pound Sterling surrenders recovery amid cautious market mood. UK Hunt assured that the administration is on track to bring down inflation to almost 5% by year-end. Investors…
Crude Oil Flies High with Markets Eyeing a Fed Pause. Will WTI Go Higher?
Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 - Talking PointsCrude oil’s leap to new highs appears intact for now withA combination of production cuts…
Forexlive Americas FX news wrap: US unemployment rate jumps
Markets:Gold flat at $1940US 10-year yields up 8.8 bps to 4.18%WTI crude oil up $2.25 to $85.88S&P 500 up 0.1%USD leads, CAD lagsThe initial market reaction to the non-farm payrolls…
USD/CHF resumes uptrend amid mixed US data, steady Swiss CPI figures
Share: Mixed US Nonfarm Payrolls data initially fails to boost USD, but ISM Manufacturing PMI lifts sentiment. Swiss inflation exceeds estimates, but weak Retail Sales could deter SNB…
Markets Cautiously Side with Doves
NFP TALKING POINTS AND ANALYSISWill NFPs defy prior jobs data once again?NFP’s to set the tone for September.Risk for upside surprise could tank SPX & establish USD. Trade Smarter -…
Reuters poll: High risk that Bank of Canada will raise rates at least once more
A Reuters poll on the Bank of Canada:High risk that Bank of Canada will raise the key rate at least once more. 12 of 20 economistsBank of Canada to hold…
Pound Sterling recovers vertically on hawkish BoE bets, softer US Job Openings data
Share: Pound Sterling revives as investors hope that Fed-BoE policy divergence will neutralize this month. United Kingdom's housing sector and factory activities are under pressure due to higher…