Forex News

14:15
August 3, 2020
Breaking: US ISM Manufacturing PMI improves to 54.2 in July vs. 53.6 expected
The economic activity in the US' manufacturing sector expanded at a stronger pace in July than it did in June with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving from 52.6 to 54.2. This reading came in better than the market expectation of 53.6. Further details of the publication revealed that the New Orders Index rose…
14:15
August 3, 2020
Gold: Interesting Fibonacci extension projects a move to $2500
Gold has risen 10.74% in the month of July, the biggest monthly increase since February 2016. As the price is breaking all-time highs it's hard to say where the yellow metal could end up. Rajan Dhall, an analyst at FXStreet, believes a rise toward $2500 is on the cards but the $2000 psychological level is…
14:00
August 3, 2020
EUR/USD weaker, challenges 1.1700 ahead of US ISM
EUR/USD loses further momentum and approaches 1.1700. German, EMU final manufacturing PMI surprised to the upside. US ISM Manufacturing next of relevance in the docket. The selling pressure around the European currency is now picking up extra pace and is dragging EUR/USD to the proximity of the 1.1700 mark, or new multi-day lows. EUR/USD offered…
14:00
August 3, 2020
US Dollar Index looks firmer near 94.00 ahead of ISM
DXY keeps pushing higher and trades closer to 94.00. Final July Manufacturing PMI came in below consensus at 50.9. US ISM Manufacturing coming up next in the calendar. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is extending the rebound from last week’s lows and trades at…