Trading news

EUR Falls on Eurozone PMIs, USD Gains on Strong US Data

The euro came under selling interest yesterday, tumbling after another set of sluggish PMIs from the Euro area, which may have increased speculation for additional policy measures by the ECB as well as for another delay in the timing of when interest rates could start rising. In the US, both retail sales for March and initial jobless claims for the week ended on April 12th beat expectations, easing concerns with regards to the performance of the world’s largest economy.

 

EUR Slides on Disappointing Euro-area PMIs

The euro traded lower against most of the other G10 currencies on Thursday. It gained slightly only against SEK, while it traded virtually unchanged versus CHF and NZD. The main winners were USD, JPY, CAD and NOK.

The catalyst behind the euro’s slide was another set of sluggish PMIs from the Euro area, with the first hit taken after the preliminary German manufacturing PMI signaled that the...

Read the full financial markets daily report on JFD Research.

JFD Brokers Review

Friday, 19 Apr, 2019 / 7:26

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/eur-falls-on-eurozone-pmis-usd-gains-on-strong-us-data

Trading news

 

Oil is driven by a strain in the Middle East

Oil quotes began to grow again. Brent crude is successfully making its way [...]

Posted on Friday, 17 May, 2019 / 9:11 under

AETOS Market Commentary 17/06/2019

  EURUSD The Euro slumped against the greenbacks on Thursday, and [...]

Posted on Friday, 17 May, 2019 / 8:41 under

GBP Victim of Brexit Uncertainty, Australians Head to the Ballots

Market sentiment improved yesterday, with EU and US indices ending their [...]

Posted on Friday, 17 May, 2019 / 7:39 under