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

 

EUR/GBP: Is the pair breaking the neckline?

EUR/GBP produced a doji candle in the daily chart yesterday. The H4 chart [...]

Posted on Friday, 14 Aug, 2020 / 12:58 under

Gold Sideways Trading Continues - Trader's awaits Fundamentals 

The yellow metal prices flashing red and stuck near above $1,950 level mainly [...]

Posted on Friday, 14 Aug, 2020 / 12:12 under

AUD/USD Choppy Session Continues - Brace to Trade Breakout!

The AUD/USD extended its early-day winning streak and taking rounds near above [...]

Posted on Friday, 14 Aug, 2020 / 11:30 under