• XM Markets UUIIFXBR

    Global PMIs were in focus today, with expansion in manufacturing activity gaining pace in China, the UK and even in the Eurozone. Japan and the US disappointed. The encouraging manufacturing PMI release for the Eurozone was enough to lift the euro. The final Markit PMI reading for March rose to a 10-month high of 52.2, above forecasts of 51.9. A cheaper euro

    Forex » FxPro Daily Outlook
    Fx Pro - March 24, 2015, 08:48 GMT

    The question for markets right now is whether the dollar is pausing for breath after last week’s volatility, or we are seeing the start of a dollar correction from the relentless uptrend seen over the past 8 months. The dollar index itself remains above the lows of last Wednesday (96.628), but if this is broken,

  • XM Markets UUIIFXBR

    The euro bounced higher on Monday despite the mixed Eurozone data. The Purchasing Managers Index (PMI) for manufacturing was disappointing but other than that, inflation and jobs data were better-than forecast. The headline manufacturing PMI was lackluster in February, coming in []

  • Kevin Flynn
    Analysis and Opinion » Janus Frowns Again
    Kevin Flynn - January 30, 2015, 16:33 GMT

    “And either victory, or else a grave.” William Shakespeare, Henry IV The two-faced god Janus turned out to be looking down in the month named after him this year. In classical art, Janus appears to be looking to either side, … Continue reading →

    Analysis and Opinion » Daily Commentary 29/12/2014
    IronFX - December 29, 2014, 09:25 GMT

    Greek election in focus Currencies were little changed from their Friday levels Monday morning as the year draws to a close. SEK, which fell on Friday, recovered somewhat but was still below its Friday opening levels. Sweden cancelled its plans to hold a snap election in March. The ruling party, which has only a minority

  • XM Markets UUIIFXBR

    The flash Markit Purchasing Manager Indices (PMIs) for the Eurozone were released today and they were stronger-than-expected, at least on an aggregate level.  The Eurozone composite flash PMI came in at 51.7 compared to expectations of 51.5 and a 51.1 []


    Last night, the Russian central bank removed any doubt that Russia is currently facing a currency crisis. Having hiked rates by 100bp last week, the central bank put rates up by a further 650bp to 17% overnight. This was aimed at “limited substantially increased rouble depreciation risks and inflation risks” according to the accompanying statement,

  • James Boston

    Business conditions have significantly improved in Canada over the last month according to the latest Ivy Purchasing Managers Index (PMI). On a seasonally adjusted basis this key indicator is showing a sharp rise to 56.9 from just 51.2 in October, there were expectations for an improvement but only to around the 52.5 level. Seasonalities can

  • James Boston
    Forex » UK Services PMI Recovers Strongly
    James Boston - December 3, 2014, 10:42 GMT

    The UK’s Purchasing Managers Index (PMI) for the Services Sector appears to have rebounded according to the latest figures from Markit Economics and CIPS. This rebound takes the indicator back to it’s medium term average levels which make last month’s large and unexpected fall look more like an anomaly than anything more fundamental. The latest

  • James Boston

    There is some further evidence of a moderation in the pace of growth in Britain’s construction sector this morning in the form of softer Purchasing Manager Indices (PMI) figures for the sector. The November index for the Construction sector has fallen to 59.4 from the 61.4 registered in October, there was an anticipation among market

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