Tag: Economic Data
Euro Area Recovery in Question as PMIs Highlight Weakness
The Euro Area's economic recovery is facing uncertainty as recent Purchasing Managers' Index (PMI) data points to weaknesses in the region. While global equities...
Eurozone PMI Data Causes EUR/USD Drop Below 1.0700
EUR/USD faced a significant drop to 1.0670 as a result of the weak preliminary Eurozone PMI data for June and the strong performance of...
UK Services PMI for June Falls Below Expectations – Forexlive
The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in...
US Housing Starts Plunge in Forexlive Americas FX News Wrap
US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless...
New Zealand Economy Shows Growth Despite Per Capita Decline
New Zealand's economy showed signs of growth in the first quarter of the year, with a GDP increase of 0.2% quarter-on-quarter, exceeding expectations of...
USD/CAD Price Analysis: Consolidation near 1.3700 Level
The USD/CAD pair is currently trading in a narrow range but is holding steady above the key support level of 1.3700 during the European...
Soft Retail Sales Impact on Fed Hawks’ Rhetoric – Actionable Insights for Traders
At the recent Fed meeting, Chairman Powell briefly mentioned consumer spending, but the focus was mainly on inflation and the Fed's dot plot. The...
UK Inflation and BoE Policy Push Pound Sterling Below 1.2700
The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD...
Holiday Week Ahead: Retail Sales, Housing, and PMIs
In the upcoming holiday-shortened week, there are several key data highlights to look out for. The US retail sales report will be released tomorrow,...
China Economic Data Release Calendar: Retail Sales & Industrial Output – June 17, 2024...
China's economic data release calendar for retail sales and industrial output is set for June 17, 2024. This data is crucial in understanding the...