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Tag: US ISM Non-Manufacturing PMI

GBP/USD – British Pound Gains Ground on Strong Services PMI

The British pound has moved higher in the Tuesday session. In North American trade, GBP/USD is trading at 1.3376, up 0.46% on the day. On the release front, British Services PMI improved to 54.0, marking a 3-month high. This beat the estimate of 52.9 points. On the release front, U.S manufacturing and employment reports were […]

EUR/USD – Euro Calm as German, Euro Services PMIs Within Expectations

EUR/USD is unchanged in the Monday session. Currently, the pair is trading at 1.1697 down 0.01% on the day. On the release front, the focus is on the service sector. Eurozone and German Final Services both dropped in May, but met expectations. Eurozone retail sales remained unchanged at 0.1%, but this missed the forecast of […]

Gold Calm at Start of Week, Services PMI Ahead

Gold has posted slight gains in the Monday session. In the North American session, the spot price for one ounce of gold is $1296.65, up 0.21% on the day. On the release front, it’s a quiet start to the week, with no major events on the schedule. US Factory Orders expected to decline 0.4%, after a […]

GBP/USD – British Pound Higher as Construction PMI Beats Estimate

The British pound has moved upwards at the start of the week. In Monday’s North American session, GBP/USD is trading at 1.3384, up 0.25% on the day. On the release front, British Construction PMI remained unchanged at 52.5 in April, above the estimate of 52.0 points. There is just one event on the calendar, with US […]

USD/CAD – Canadian Dollar Gains Ground, Investors Look for Cues

The Canadian dollar has said the new trading week with gains. In Monday’s North American session, USD/CAD is trading at 1.2915, down 0.30% on the day. There is just one event on the calendar, with US Factory Orders expected to decline of 0.4%, after a strong gain of 1.6% in the previous release. On Tuesday, […]

EUR/USD – Euro Gains Ground at Start of Week

EUR/USD has recorded small gains in the Monday session. Currently, the pair is trading at 1.1694, up 0.30% on the day. On the release front, there are no major events in the eurozone or the U.S. The eurozone will release Sentix Investor Confidence and PPI. On Tuesday, Germany releases Final Services PMI and retail sales. […]

GBP/USD – Pound Dips to 4-Month Low, British Services PMI Misses Estimate

The British pound continues to falter session and has edged lower in the Thursday session. In North American trade, GBP/USD is trading at 1.3551, down 0.16% on the day. On the release front, British Services PMI improved to 52.8, but still fell short of the estimate of 53.5 points. Over in the US, unemployment claims […]

USD/CAD – Canadian Dollar Dips as Trade Deficit Jumps

The Canadian dollar has posted losses in the Thursday session, erasing the gains seen on Wednesday. USD/CAD is trading at 1.2846, down 0.29% on the day. On the release front, Canada releases trade balance, with the trade deficit expected to narrow to C$2.3 billion. In the US, unemployment edged up to 211 thousand, easily beating the […]

GBP/USD – Pound Stems Slide as Construction PMI Beats Estimate

The pound has steadied in the Wednesday session, after recording sharp losses in the Wednesday session. In North American trade, GBP/USD is trading at 1.3603, down 0.07% on the day. On the release front, British Construction PMI improved to 52.5, above the estimate of 50.5 points. Over in the US, ADP Nonfarm Payrolls dropped to 204 thousand, […]