Could Friday’s Data Tip the Balance in Favour of a 50bps Fed Rate Cut?

Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints this week as both the Fed and the BoE meet soon Despite last week’s […]

Preliminary Eurozone PMI estimates sent the EURUSD down 0.67% over the hour, as they were much weaker than expected and increased pressure on the ECB to continue easing monetary policy. This is not the first time that a significant divergence of preliminary PMIs from expectations has become a driver of the European currency market. In […]

AUD/USD is showing signs of stabilisation near 0.6465, marking its second consecutive session of attempts to recover. The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured of […]