Author Archive: Mike Paterson
US investment bank Morgan Stanley out with a note 1 Aug
– EZ GDP would be cut by 0.7% within a year
– euro strength favours banks, retailing and utilities most, hurts materials, food/beverage and tobacco
Reuters carrying the story .
The post 10% r…
Here’s the latest on other key pairs 1 Aug
0.9654 after a quick dip to 0.9639
The post More from the order boards 1 August appeared first on Forex news forex…
Decent data has underpinned the pound 1 Aug
Better than expected UK mftg PMI data has helped GBPUSD hold 1.3200 having been pinned down there for a while and now post fresh 11-month highs of 1.3240.
The post Perky pound post-PMI appeared…
Currently 130.37 near session highs again
130.50 130.75 131.00 131.50
Bids: 130.20 129.80 129.20
The post EURJPY orders 1 Aug – Dip demand on core pairs still notable appeared first on Forex news forex trade.
Eurozone July Markit mftg PMI final reading now out 1 Aug
– 56.8 flash
A slight miss on final reading which has been the general tone of the larger economy PMIs out this morning.
The post Eurozone July Markit mftg PMI final 56.6 vs 56.8 exp appeared fi…
France July Markit mftg PMI final reading now out 1 Aug
– 55.4 flash
Final German mftg PMI next in the rapid fire.
Softer final data sees EUR unfazed with EURUSD 1.1820 and EURGBP back to 0.8950
The post France July Markit mftg PMI fina…
Currently 0.8942 after failing into 0.8960 in Asia
Final July PMI data from Italy, France, Germany and EZ into the top of the hour then UK mftg PMI at 08.30 GMT
The post EURGBP orders 1 Aug – PMI data in focus appeared first on Forex news forex trade.
Currently 1.1815 hovering near session lows
Large-ish option expiries at 1.1800 today in play as per my post
Final July PMI data from Italy, France, Germany and EZ into the top of the hour
The post EURUSD orders 1 Aug – Underpinned but sellers always poised appeared first on Forex news forex trade.
Spain July Markit mftg PMI data now out 1 Aug
– lowest reading since March
– mftg employment index rises to 56.5, highest since May, vs 56.0 in June
Spanish mftg PMI may have dipped but it’s been above the expansion (50) level every month since Nov 201…
The post Spain July Markit mftg PMI 54.0 vs 54.7 prev appeared first on Forex news forex trade.
Positive tones for equities as we wait on official openings 1 Aug
– DAX futures 0.1%
– CAC40 +0.3%
The post Eurostoxx 50 futures up +0.2% in early European trading appeared first on Forex news forex trade.