News :: EasyFX » PMI

Euro Rallies on the Back of Positive Spanish Data

alexplester — Tue, 02 Oct 2012 08:10:54 +0000

Sterling slips as Manufacturing PMI disappoints.
Positive Spanish news buoys euro.
US Manufacturing data send dollar higher.
Aussie falls after RBA cut rates.

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UK construction PMIs offer recovery hope.

alexplester — Thu, 03 May 2012 08:22:09 +0000

Sterling rallies on Construction Data.
ECB News set to impact euro today.
Dollar enjoys boost despite disappointing economic data.
Kiwi dollar falls after jobless rate plunges.

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Euro Put to the Sword!

alexplester — Thu, 05 Apr 2012 08:04:29 +0000

Sterling continues rally on back of strong PMI numbers.
Weak E/Zone economic data and Spanish bond auction weakens euro.
Euro lower as ECB leaves interest rates on hold, no signal of future rise.
Dollar remains bullish as global stocks drop and QE in US seems remote.
Enjoy the long weekend and Happy Easter.

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Sterling Strengthens on Upbeat Economic Data

alexplester — Tue, 03 Apr 2012 07:43:20 +0000

Sterling climbs as manufacturing PMI beats expectations. Jobless figures in Europe hit record high. Strong US data supports dollar. RBA hold rates but hint at possible policy easing. For more information see tool bar above, click ‘Market Data’ followed by … Continue reading

Sterling Starts New Month on a Positive Footing

alexplester — Mon, 02 Apr 2012 07:45:52 +0000

Dollar continues to see weakness as risk factor still in play.
Strong Chinese manufacturing data boosts risk in currency markets.
Sterling continues to perform well against dollar and euro.
Markets await key manufacturing data in UK and US.

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Mighty Buck Rules – Still no Deal on Greek Debt Issue.

alexplester — Mon, 06 Feb 2012 09:58:49 +0000

No deal on Greek debt story sends euro lower across the board.
Pound higher vs single unit, builds on strong UK PMI numbers last week.
Stellar US jobs numbers sends dollar higher against majors.
Higher non-farm payrolls numbers could push QE in US further down line.
Oil trades higher on worries over Greek deal issue.

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Sterling Hits 8 Day High Versus Euro

alexplester — Tue, 31 Jan 2012 16:07:14 +0000

The pound struck an eight day high against the euro this afternoon as the glow which was shining brightly over the eurozone area has already began to disappear. Optimism the eurozone agreement yesterday is fast wavering and the agreement remains fragile.
Another factor which is weighing heavily on the currency markets has been the disappointing US economic data released this afternoon. This came in the form of weaker consumer confidence and a weaker Chicago PMI number. This has led to funds coming out of the single currency and back into the US dollar. Flows have also gone into sterling as cable has weathered the storm well this afternoon.

Trichet’s last trick?

alexplester — Thu, 06 Oct 2011 08:17:27 +0000

Strong UK Services PMI number overshadowed by weaker GDP data.
Pound falls on GDP data and prospect of more QE.
Euro finds support as EU ministers look to recapitalise banks.
Trichet to hold final press conference today, may annouce more easing.
Global equities rise as risk sentiment creeps back to send dollar lower.

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Greece says no to barber visit!

alexplester — Tue, 04 Oct 2011 08:42:04 +0000

Euro’s decline continues as worries over European economy intensifies.
Sterling hits 7 month high versus euro as markets dump single unit.
S + P confirms top AAA rating for Britain as UK manufacturing PMI rebounds.
Greece to remain in recession next year, strongly opposes larger haircut.
Global equities post steep losses as safe haven currencies rally.

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Market Commentary

alexplester — Thu, 04 Aug 2011 08:24:06 +0000

Sterling posts decent gains on majors after strong UK PMI Services data.
Run up to BoE Interest Rate decision to keep pound shackled.
Japan intervenes in currency market, weakening yen.
Euro continues to feel heat, Italy becomes focus of investors debt worries.
After US avoids defalut, dollar takes a back seat versus majors.

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