1. syamfx2020

    Daily Market Report - Tuesday, Nov 23, 2021

    UK, Eurozone, and Germany Purchasing Managers Index (PMI) posted better than expected readings on Tuesday. Moving ahead to the North American session, the US will release the latest manufacturing PMI numbers. UK manufacturing PMI – Actual: 58.2 Forecast: 56.3 Previous: 57.8 UK Services PMI –...
  2. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 03, 2020 - China's PMI rebounded further

    China’s manufacturing sector showed a further rebound in July to its strongest level since January 2011. On Monday, during the Asian session, the private survey showed The Caixin China Manufacturing PMI rose to 52.8 in July 2020 from 51.2 in the previous month, beating market consensus of 51.3...
  3. syamfx2020

    GBP slightly down after strong PMI report

    GBP/USD surged to fresh week-high of 1.2410 and testing the trend line. The GBP currently unchanged after the PMI report. The UK manufacturing PMI rebounded in June. 50.1, 40.7 (Previous). Important Levels to watch today: Support: 1.2360 and 1.2330 Resistance: 1.2440 and 1.2480
  4. Jarratt Davis

    ECB | Current Sentiment

    Today's London session see's the release of UK Construction PMI for May and Eurozone PPI for April, followed early in today's New York session by the latest rate announcement and Press Conference by the ECB, along with comments from BoE's Carney, ADP Employment Change, and this week's Crude Oil...
  5. Jarratt Davis

    UK Services PMI | Current Sentiment

    The main event for the upcoming session is UK Services PMI at 9.30am BST, where a deviation should see a fast move on pound. Current Sentiment During the Asian session, Australian Retail Sales came in at 0.4% versus 0.3% expected. Real Retail Sales, which excludes inflation, rose half a...
  6. Jarratt Davis

    UK Services PMI | Reaction in GBP

    UK Services PMI will be released today 9:30am GMT. Any decent deviation in the data will cause a reaction in pound. However given the pounds recent resilience and cable at multiyear lows, a significant miss may be needed to convince traders to continue selling GBP at its current levels...
  7. Jarratt Davis

    UK Services PMI | Risk-Off Sentiment

    There is no trade call for the session open. We will be looking for a negative deviation on UK Services PMI to short Cable. Check out this weeks risk event video here to learn more about this release. Current Sentiment: During the Asian session, antipodean currencies came under pressure as...