The missile that the North Korea fired was in the air for around 40 minutes, a very long time. This is not the first missile test and probably not the last. What is different now is the announcement coming out of Pyongyang, saying that it was an Intercontinental Ballistic Missile (ICBM). UDS/JPY is falling on [...]
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The Reserve Bank of Australia left interest rates unchanged, as widely expected. However, the team led by Phillip Lowe disappointed Aussie bulls by not providing a hawkish tone. Contrary to the ECB and the BOE, the RBA was not optimistic. On the contrary, they were worried about future employment growth and the current absence of [...]
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The US dollar was already recovering in the wake of the second quarter, perhaps also feeling festive ahead of the 4th of July fireworks. The data gave it another reason to be cheerful. The ISM Manufacturing PMI came out at 57.8 points, much higher than 55 that was anticipated. Markit’s final manufacturing PMI came out [...]
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EUR/USD is trading around 1.1380, already over 60 pips below the peak of 1.1445 seen last week and some 35 pips down on the day. The move is related to a recovery in the US dollar. The greenback is correcting some of its losses across the board. GBP/USD is also lower and USD/JPY is higher. [...]
The post EUR/USD slips on some profit-taking – buy the dip? appeared first on Forex Crunch.
A significant slowdown in the UK manufacturing sector according to Markit. The manufacturing PMI drops from 56.3 to 54.3 points in June. GBP/USD extends the drops it had already begun before the release, hitting a new low of 1.2968. Support awaits at 1.29. Markit’s manufacturing purchasing managers’ index was expected to tick down from 56.7 [...]
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