US dollar softness as treasury yields retreat.EURUSD bulls eye 1.1300 supports on dollar softness.AUDUSD is on a bounce-back mode. After a volatile Tuesday trading session, the US dollar was on the defensive mode Wednesday morning. The dollar index raced to two-week highs of 96.45 before coming under pressure as ISM Manufacturing PMI data disappointed. With treasury … [Read more...] about EURUSD BullsEye 1.1300 Amid Dollar Softness As AUDUSD Bids Gather Steam
Forex News
Turkey Cracks Down on Currency Market Amid Lira Depreciation
Source: Bloomberg Turkish officials are reinforcing their supervisory functions as the country struggles to contain the slump of its currency. TUR is up 0.87% premarket. The Turkish central bank has urged local lenders to report major dollar purchases which may have hit the market negatively, sources close to the matter said.Lenders have also been requested to advise … [Read more...] about Turkey Cracks Down on Currency Market Amid Lira Depreciation
Eurozone Ends 2021 With Nine-Month Low Economic Growth
Source: IHS Markit The Eurozone closed 2021 with a nine-month low economic growth, dragged by the resurgence of COVID-19 infections. EZU is up 0.52% premarket. The IHS Markit Eurozone PMI Composite Output Index declined to 53.3 in December from 55.4 in November. This is the slowest since March.The decline was attributed to the weak performance of the eurozone’s dominant … [Read more...] about Eurozone Ends 2021 With Nine-Month Low Economic Growth
Manufacturing Growth Slows in December
Source: Institute for Supply Management Manufacturing expanded for the 19th straight month in December, albeit at a softer pace than in the previous month. The December Manufacturing PMI stood at 58.7%, down by 2.4 percentage points from November 61.1%.The biggest decline was seen in prices, which fell by 14.2 percentage points to 68.2% from 82.4%.Drops were also seen in … [Read more...] about Manufacturing Growth Slows in December
US Job Openings Fall by 6.6% in November as Quits Rise
Source: Bureau of Labor Statistics The US posted 10.6 million job openings on the last business day of November, a decline of 6.6% from the previous month. SPY is up +0.24%, DXY is down -0.16%. Job openings fell the largest in accommodation and food services at 261,000, followed by construction at 110,000. The openings rose in finance and insurance at 83,000, while 25,000 … [Read more...] about US Job Openings Fall by 6.6% in November as Quits Rise
