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China: Soft PMI data indicates domestic challenges – ING
China's official manufacturing purchasing managers’ index (PMI) fell to 49.3 in January, indicating a contraction and coming in well below forecasts. The non-manufacturing PMI also slipped back into contraction at 49.4, marking a 37-month low.
Canadian Dollar steadies as US shutdown freezes economic data
• CAD fell against the USD as markets digest ongoing US government shutdown and suspended economic data releases.
Dow Jones Industrial Average jumps 500 points on manufacturing surge, Oracle gains
• The Dow Jones surged over 500 points on Monday as factory activity expanded for the first time in over a year.
Fed’s Bostic: Fed Chair job is a very large job
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that no one is projecting a worsening of the labor market and that by midyear, the economy will have reached an equilibrium, at the Rotary Club of Atlanta on Monday.
EUR/JPY steady amid political uncertainty, ECB decision in focus
EUR/JPY trades around 183.50 on Monday at the time of writing, virtually unchanged on the day, against a backdrop of persistent weakness in the Japanese Yen (JPY) and a cautious tone on the Euro (EUR) ahead of the European Central Bank’s (ECB) monetary policy announcements.
AUD/USD rebounds ahead of RBA rate call, US Dollar strength weighs
The Australian Dollar (AUD) rebounds against the US Dollar (USD) on Monday, with AUD/USD trimming earlier losses despite a broadly firmer Greenback, as traders reposition ahead of the Reserve Bank of Australia (RBA) interest rate decision due on Tuesday.
Gold slides as Warsh Fed pick, hot ISM data extends bullion unwind
Gold (XAU/USD) retreats more than 4% on Monday after the US President Donald Trump announced his pick to lead the Federal Reserve (Fed) in succession to the Fed Chair Jerome Powell. Economic data in the US paint an optimistic outlook as manufacturing activity improves.
BLS announces no NFP release on Friday amid partial government shutdown
The US Bureau of Labor Statistics (UBS) advised markets on Monday that Friday's scheduled publication of the latest Nonfarm Payrolls (NFP) jobs data package will be suspended until federal government operations resume.
Pound Sterling Price News and Forecast: Dips as Dollar stays bid on Warsh Fed pick, strong ISM data
The Pound Sterling (GBP) dives some 0.17% on Monday as the US Dollar (USD) extends its gains to two straight days, following the precious metals rout that pushed Gold prices down by over $1,000 after reaching a record high near $5,600.
Stock markets brush aside metals madness
It has been a solid day for equity markets despite the carnage in gold and silver prices, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
USD/CAD rises as strong US PMI and falling Oil prices weigh on the Loonie
The Canadian Dollar (CAD) extends its losses against the US Dollar (USD) on Monday, as renewed Greenback strength and falling Oil prices weigh on the commodity-linked Loonie. At the time of writing, USD/CAD is trading around 1.3676, up about 0.44% on the day.
USD/JPY trades higher as Japanese Yen falters on inflation, fiscal uncertainty
USD/JPY trades higher at the start of the week and hovers around 155.60 on Monday at the time of writing, up 0.55% on the day.
Middle East: Trade growth dynamics – Standard Chartered
Middle East trade is experiencing significant growth, projected to increase by 15% compared to 9% globally from 2021 to 2024. Asia is expected to dominate this trade corridor, expanding from USD 0.9 trillion in 2024 to USD 1.5 trillion by 2030.
Gold stabilizes after steep correction, uptrend intact amid geopolitical risks
Gold (XAU/USD) stabilises on Monday with dip-buying interest emerging after a sharp correction from last week’s surge to fresh all-time highs near $5,600. At the time of writing, XAU/USD trades around $4,705, recovering after an intraday slide of nearly 10% to over three-week lows near $4,402.
GBP/USD dips as Dollar stays bid on Warsh Fed pick, strong ISM data
The Pound Sterling (GBP) dives some 0.17% on Monday as the US Dollar (USD) extends its gains to two straight days, following the precious metals rout that pushed Gold prices down by over $1,000 after reaching a record high near $5,600. GBP/USD trades at 1.3662 after reaching a daily high of 1.3715.
US ISM Manufacturing PMI improves to 52.6 in January vs. 48.5 expected
The business activity in the US manufacturing sector expanded in January, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) improving to 52.6 from 47.9 in December. This reading came in better than the market expectation of 48.5.
United States ISM Manufacturing Prices Paid came in at 59 below forecasts (60.5) in January
United States ISM Manufacturing Prices Paid came in at 59 below forecasts (60.5) in January
United States ISM Manufacturing PMI registered at 52.6 above expectations (48.5) in January
United States ISM Manufacturing PMI registered at 52.6 above expectations (48.5) in January
United States ISM Manufacturing Employment Index climbed from previous 44.9 to 48.1 in January
United States ISM Manufacturing Employment Index climbed from previous 44.9 to 48.1 in January
United States ISM Manufacturing New Orders Index rose from previous 47.7 to 57.1 in January
United States ISM Manufacturing New Orders Index rose from previous 47.7 to 57.1 in January
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