Services PMI »

  • XM Markets UUIIFXBR

    Sterling was the best performing major today, as it was boosted by data showing that the UK services sector expanded faster-than-expected in January. The Services Purchasing Managers’ Index (PMI) came in at 57.2, up from December’s 55.8 and topped forecasts []

  • H.S. Borji

    The US service economy advanced briskly in November, as business activity and new orders gathered pace and supported another solid month of job creation, a sign employers were gearing up for the busy holiday season. The Institute for Supply Management’s gauge of national service activity rose 2.2 percentage points to 59.3 in November. The reading

  • James Boston

    The Eurozone services sector is showing further signs of weakness this morning according to the latest Purchasing Managers Indices (PMI) just released by Markit Economics. The headline indicator for the bloc has been announced as reading at just 51.1 for the month of November, this represents a fall back from October’s 52.1 and is the

  • H.S. Borji

    The US service economy remained elevated in October, although the rate of growth continued to ease off the summer highs, as a steady stream of new orders supported another month of job creation. The Institute for Supply Management’s gauge of national service activity declined to 57.1 from 58.6. A median estimate of market analysts called

  • H.S. Borji

    The US service economy remained elevated in September, as output and new orders continued to support job creation, but the pace of growth moderated from the previous month’s record high. The Institute for Supply Management’s gauge of national service activity declined to 58.6 from 59.6, which was the highest reading since the survey’s inception in

  • H.S. Borji

    The euro was trading at yearly lows against the US dollar Wednesday, as weak Eurozone consumer confidence data failed to provide relief. The EURUSD consolidated at 1.3467, little changed from the previous close. The pair bounced from an intraday low of 1.3455, as a light release schedule kept trade volumes light. The EURUSD faces initial

  • Forex » US Dollar Weakens on Dismal GDP Report
    June 25, 2014, 19:58 GMT

    The US dollar declined against a basket of currencies Wednesday after the Commerce Department said the US economy in the first quarter contracted at a sharper rate initially forecast. The US dollar index, a broad gauge of the greenback’s performance versus six commonly traded peers, declined 0.16 percent to 80.20. The index recovered from a

  • Forex » Eurozone Services PMI Numbers Lower
    June 4, 2014, 08:50 GMT

    In a follow up to Monday’s Manufacturing Purchasing Managers Index (PMI) data released by Markit Economics for the Eurozone, today sees the release of the Services sector version and also the Composite figures. The headline number this morning is the Eurozone PMI Composite which has come in at 53.2, this is slightly down on last

  • Forex » UK Services PMI Falls
    June 4, 2014, 08:45 GMT

    After the slight fall in the UK’s Manufacturing Purchasing Managers Index (PMI) figure on Monday, Markit Economics have today released the Services PMI data. The headline PMI Services figure is 58.6 for the month of May, this compares to the 58.7 reading seen in April and is on the high side of the market anticipated

  • Forex » USD/CAD Trading above 20-day Average
    June 3, 2014, 17:11 GMT

    The US dollar advanced for a second day against its northern counterpart, as a dearth of Canadian economic data in the early part of the week kept the greenback in the driver’s seat. The USDCAD advanced to 1.0912, an increase of 0.13 percent. The pair rose to an intraday high of 1.0922. The trend index

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