Forex News - TradeCenterFX

UK S&P Global/CIPS Composite PMI declines to 49.9 in November vs. 51.8 expected

Business activity in the UK private sector contracted in early November, with the preliminary S&P Global/CIPS Composite Purchasing Managers Index (PMI) falling to 49.9 from 51.8 in October. This reading came in below the market expectation of 51.8.

Fri, 22 Nov 2024 04:38:08 -0500

UK firms report first contraction in output since 2023, PMI shows

British business output shrank for the first time in more than a year and tax increases in the new government's first budget hit hiring and investment plans, a survey showed, a fresh setback for Prime Minister Keir Starmer's push for economic growth.

Fri, 22 Nov 2024 04:33:38 -0500

United Kingdom S&P Global/CIPS Manufacturing PMI came in at 48.6 below forecasts (49.9) in November

Fri, 22 Nov 2024 04:31:00 -0500

United Kingdom S&P Global/CIPS Services PMI below forecasts (52.1) in November: Actual (50)

Fri, 22 Nov 2024 04:30:57 -0500

United Kingdom S&P Global/CIPS Services PMI came in at 48.6, below expectations (52.1) in November

Fri, 22 Nov 2024 04:30:42 -0500

UK November flash services PMI 50.0 vs 52.0 expected

Services PMI xx vs 52.0 expected and 52.0 prior. Manufacturing PMI xx vs 50.0 expected and 49.9 prior.

Fri, 22 Nov 2024 04:30:03 -0500

United Kingdom S&P Global/CIPS Services PMI came in at 50 below forecasts (52.1) in November

Fri, 22 Nov 2024 04:30:03 -0500

United Kingdom S&P Global/CIPS Composite PMI below forecasts (51.8) in November: Actual (49.9)

Fri, 22 Nov 2024 04:30:02 -0500

Mexican Peso consolidates ahead of GDP, inflation data

The Mexican Peso (MXN) trades mild and mixed in its most-traded pairs as the week draws to a close, with idiosyncratic factors impacting each one – the US Dollar (USD), Euro (EUR) and Pound Sterling (GBP) – differently. This may change later on Friday, when Mexico releases Gross Domestic Product (GDP) data for Q3 and mid-month inflation readings for November.

Fri, 22 Nov 2024 04:18:13 -0500

Eurozone PMI signals stagflation as both manufacturing and services contract

Eurozone economic activity weakened sharply in November, with PMI Manufacturing falling to 45.2 from 46.0 and PMI Services dropping to 49.2 from 51.6, pushing Composite PMI to a 10-month low of 48.1, down from 50.0. For the first time since January, both sectors recorded output declines, reflecting broader economic struggles.

Fri, 22 Nov 2024 04:13:12 -0500

Euro slumps to near two-year low as PMI data disappoints

The euro is sliding in European morning trade as poor PMI data from France and Germany is weighing on the mood in the single currency. The ECB has already highlighted their shift in focus towards the economy and the data today vindicates that.

Fri, 22 Nov 2024 04:10:30 -0500

Eurozone HCOB Composite PMI falls to 48.1 in November vs. 50 expected

Business activity in the Eurozone private sector contracted in early November, with the preliminary HCOB Composite Purchasing Managers Index (PMI) falling to 48.1 from 50 in October. This reading came in below the market expectation of 50.

Fri, 22 Nov 2024 04:07:13 -0500

Eurozone November flash services PMI 49.2 vs 51.6 expected

Prior 51.6 Manufacturing PMI vs 46.0 expected Prior 46.0 Composite PMI vs 50.0 expected Prior 50.0 This article was written by Justin Low at www.forexlive.com.

Fri, 22 Nov 2024 04:00:05 -0500

Eurozone HCOB Manufacturing PMI below forecasts (46) in November: Actual (45.2)

Fri, 22 Nov 2024 04:00:04 -0500

Eurozone HCOB Services PMI came in at 49.2, below expectations (51.8) in November

Fri, 22 Nov 2024 04:00:04 -0500

Eurozone HCOB Composite PMI below expectations (50) in November: Actual (48.1)

Fri, 22 Nov 2024 04:00:02 -0500

S&P Global PMIs set to signal US economy continued to expand in November

S&P Global will publish the preliminary estimates of the United States (US) Purchasing Managers Indexes (PMIs) for November on Friday. The indexes result from surveys of the senior executives in the private sector.

Fri, 22 Nov 2024 04:00:00 -0500

Exclusive: Indian central bank asks some lenders to cut speculative bets against rupee, sources say

The Indian central bank, in a rare move, instructed some banks to cut long positions on the dollar-rupee pair on Friday, seeking to reduce speculative positions with the currency at a record low, four bankers directly familiar with the development told Reuters.

Fri, 22 Nov 2024 03:52:47 -0500

Poor French and German PMI data keeps ECB 50 bps rate cut in play

Money market pricing is now seeing roughly 35% odds of a 50 bps rate cut by the ECB for their December meeting. That is up from less than 20% before the French and German PMI data.

Fri, 22 Nov 2024 03:51:11 -0500

Germany HCOB Composite PMI drops to 47.3 in November vs. 48.6 expected

Business activity in Germany's private sector contracted at an accelerating pace in early November, with the preliminary HCOB Composite Purchasing Managers Index (PMI) dropping to 47.3 from 48.6 in October. This reading came in below the market expectation of 48.6.

Fri, 22 Nov 2024 03:37:17 -0500