USD/MXN drops back into its recent range as investors await further guidance from economic data.
Euro Forecast: EUR/USD Advance Should Continue After Strong Economic Data
Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy.
ForexLive European FX news wrap: Currencies quiet, risk optimistic
Forex news from the European trading session – 2 August 2021
Headlines:
Markets:
– AUD leads, NZD lags on the day
– European equities higher; S&P 500 futures up 0.4%
Headlines:
Markets:
– AUD leads, NZD lags on the day
– European equities higher; S&P 500 futures up 0.4%
Oil down slightly to start the new week
Oil is down 1.5% to around $72.80 currently
Reports are citing softer growth expectations from China, after flailing PMI data since the weekend and . But I’d pin this more to just some light selling amid a continued bounce since finding a bottom two weeks ago just below $66.
Reports are citing softer growth expectations from China, after flailing PMI data since the weekend and . But I’d pin this more to just some light selling amid a continued bounce since finding a bottom two weeks ago just below $66.
Risk appetite keeps more positive in European trading
Equities are bouncing back after Friday’s dent
A brand new month but the same old story in the equities space as we are seeing European indices keep a steady advance. At the highs today, the Stoxx 600 index touched a record high and is seen up 0.6% on the session currently.
A brand new month but the same old story in the equities space as we are seeing European indices keep a steady advance. At the highs today, the Stoxx 600 index touched a record high and is seen up 0.6% on the session currently.
UK July final manufacturing PMI 60.4 vs 60.4 prelim
Latest data released by Markit/CIPS – 2 August 2021
The preliminary report can be found . No change to the initial estimate as staff shortages and a sharp rise in cost/price pressures (driven by supply chain disruptions) weigh on the growth momentum in the manufacturing sector last month.
The preliminary report can be found . No change to the initial estimate as staff shortages and a sharp rise in cost/price pressures (driven by supply chain disruptions) weigh on the growth momentum in the manufacturing sector last month.
Key takeaway from the euro area manufacturing PMI readings today
Supply disruptions start to weigh on economic activity
The euro area has seen a rather resilient bounce in overall conditions in Q2 and things are still holding up in July as seen with the elevated PMI readings earlier.
The euro area has seen a rather resilient bounce in overall conditions in Q2 and things are still holding up in July as seen with the elevated PMI readings earlier.