The ISM Manufacturing PMI fell to 48 in July 2025 from 49 in June, missing expectations of a rise to 49.5. This figure marked the fifth consecutive month of contraction in the manufacturing sector and was the weakest since October of last year. The largest negative contributions came from declines in supplier deliveries (45.7 vs. 46.7) and employment (43.4 vs. 45.0). On the positive side, production increased (51.4 vs. 50.3), while declines in new orders (47.1 vs. 46.4) and backlogs (46.8 vs. 44.3) eased. Price pressures also eased, with the price index falling to 64.8 from 69.7. Source:...
The EUR/USD pair continues its upward momentum for the third straight session, hovering around 1.0430 during Asian trading hours on Thursday. Investors await Germany's Final Harmonized Index of Consumer Prices (HICP) data, set for release later in the day. The headline German HICP inflation is expected to remain steady at 2.8% year-over-year in January.However, concerns over a potential global trade war are weighing on the risk-sensitive EUR/USD pair. The White House indicated late Wednesday that US President Donald Trump could announce his reciprocal tariff plan before meeting Indian Prime...
The USD/CHF pair weakens to near 0.9110, snapping the fifth-day winning streak during the early European session on Thursday. The concerns about US President Donald Trump's trade tariff and weakening of the US Dollar (USD) drag the pair lower. Investors brace for the US weekly Initial Jobless Claims and Producer Price Index (PPI), which are due later on Thursday. Fed Chair Jerome Powell on Wednesday emphasized that the central bank is in no rush to cut interest rates during a second congressional hearing this week but said that there has been "great progress" on inflation. The USD weakens...
Gold price (XAU/USD) builds on the previous day's bounce from the $2,864 region touched in reaction to hotter US consumer inflation figures and gains positive traction for the second straight day on Thursday. The momentum lifts the precious metal to the $2,920 area during the Asian session and is sponsored by a combination of factors. Investors remain worried that US President Donald Trump's new levies on commodity imports and reciprocal tariffs would spark a global trade war, which continues to underpin the safe-haven Gold price. Apart from this, the emergence of fresh US Dollar (USD)...
Oil prices continued to fall after U.S. President Donald Trump and his counterpart Vladimir Putin agreed to talks to end the war in Ukraine, raising speculation that risks to Russian supplies could be easing. Brent fell below $75 a barrel after dropping 2.4% on Wednesday, its biggest drop in more than two months, while West Texas Intermediate neared $71. Trump said negotiations would begin soon, and that he might meet Putin in Saudi Arabia "very soon," according to a social media post. "I'm much more skeptical that negotiations will happen sooner rather than later," said Wayne Gordon,...
GBP/USD extends its winning streak for the third consecutive day, trading around 1.2460 during Thursday's Asian session. Traders await the UK's preliminary Gross Domestic Product (GDP) data due later in the day. Economists expect a contraction in Q4 GDP, though the economy is projected to expand on an annual basis. The outlook for the British economy remains uncertain, with Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann expressing concerns over weakening demand in the United Kingdom (UK) and the need for accommodative financial conditions. Earlier this week,...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. will levy a 30% tariff on South African exports next week, after Pretoria failed to reach a trade deal before President Donald Trump's deadline. The new rate is part of a broader executive...