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US data continues beating expectations. The services sector enjoys robust growth according to ISM’s survey. The ISM Non-Manufacturing PMI jumps to 59.8, far better than 55.5 expected and 55.3 seen in August. The US dollar moves higher. Earlier, Markit’s parallel measure advanced from 55.1 to 55.3 in the final read. ISM carries more weight. The [...]
The post ISM Non-Manufacturing PMI leaps to 59.8 – USD follows appeared first on Forex Crunch.
A slightly better than expected gain in private sector jobs: 135K according to ADP. The number is still significantly lower than in previous months, but the hurricanes can be blamed. The figure for August was slightly revised lower, from 237K to 228K. The US dollar gains a few pips across the board, erasing some of [...]
The post ADP Non-Farm Payrolls beats with 135K – USD ticks higher appeared first on Forex Crunch.
The ruling coalition in Catalonia has called for an extraordinary session of the local parliament, probably to unilaterally declare independence. Catalonia’s president Carles Puigdemont told the BBC that he will move towards a declaration in the upcoming days. His Junts pel Si party is a coalition of pro-independence Catalan parties. The junior coalition partner is CUP, [...]
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Finally, a better than expected read: the services PMI rose to 53.6 points in September, better than expected. The services sector is Britain’s largest. GBP/USD is rising from 1.3250 to 1.3270, well within the range. Cable is trading between 1.3235 to 1.3285 in recent days. The focus now shifts to the US. The ADP NFP [...]
The post UK Services PMI hits 53.6 – GBP/USD bounces in range appeared first on Forex Crunch.
The tensions in Catalonia, Spain’s northeastern region, are mounting. The main players in the conflict are aggravating the situation and not backing down. King Felipe VI, made a televised and closely watched speech on Tuesday. The head of state missed an opportunity to calm things down and unite the country. He did not mention the [...]
The post Catalan crisis: King’s speech and Catalan President’s interview raise tensions appeared first on Forex Crunch.