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EUR/USD was hit by the violence of the Spanish police. Is it temporary or will more falls come along? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: Downside Corrective Not A Change In Trend; Buy Dips Vs CHF, USD – Credit Agricole Credit Agricole CIB FX Strategy Research regards the recent EUR downside [...]
The post EUR/USD: a downturn or just another buy opportunity? appeared first on Forex Crunch.
The US manufacturing sector seems to be on fire, at least according to the forward-looking ISM Manufacturing PMI. the indicator reached 60.8 points, better than 58 expected. In addition, also inflation is on the rise: 72 points in the Prices component. The US dollar extends its gains. The ISM Manufacturing PMI was expected to stand at [...]
The post ISM Manufacturing PMI beats with 60.8 – USD looks good appeared first on Forex Crunch.
Markit’s manufacturing purchasing managers’ index dropped to 55.9 points in September. This is below 56.7 seen in August and 56.3 expected. GBP/USD was already sliding and extends its falls. The drop in the indicator may be related to the recent strengthening of the pound. The higher exchange rate makes manufactured goods less attractive. The UK [...]
The post GBP/USD falls on weak UK manufacturing PMI appeared first on Forex Crunch.