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 Pound (GBP) is trading significantly lower near 1.2250 against the US Dollar (USD) during the European session on Monday (3/2). Earlier in the day, the GBP/USD pair gapped down at the open as US President Donald Trump's imposition of tariffs on Canada, Mexico and China sent global financial markets into panic mode, forcing investors to turn to safe-haven assets. The downbeat market sentiment has led to a sharp rise in the US Dollar (USD), which has been a strong performer in volatile environments. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major...
Oil prices jumped on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising concerns about disruptions to crude supplies from the two biggest suppliers to the US, but the prospect of lower fuel demand capped gains. U.S. West Texas Intermediate crude futures were at $73.89 a barrel, up $1.36, or 1.88%, by 0656 GMT, after hitting their highest since Jan. 24 at $75.18 a barrel earlier in the session. Brent crude futures rose 73 cents, or 0.96%, to $76.40 a barrel, after hitting a high of $77.34. Trump on Saturday ordered sweeping tariffs on goods from...
The US Dollar (USD) strengthened on the first trading day of February as markets cautiously responded to US President Donald Trump's tariff announcement. Later in the European session, January inflation data from the Eurozone will be closely watched by investors. In the second half of the day, the US economic calendar will feature the ISM Manufacturing PMI data for January. Meanwhile, market participants will be watching for headlines surrounding the Trump administration's trade policies. Trump announced on Saturday that they would impose tariffs of 25% on Mexican and Canadian imports and...
The USD/CHF pair extended its rally to near 0.9165 during early European trading hours on Monday (3/2). The US dollar (USD) surged after US President Donald Trump's massive tariffs triggered a trade war. The greenback strengthened by up to 0.60% against the Swiss franc (CHF), hitting a peak not seen since May 2024. The move came after Trump imposed 25% tariffs on imports from Mexico and Canada on Saturday, as well as new levies of 10% on Chinese products. However, the Wall Street Journal reported on Monday, citing unnamed sources, that the Chinese government is preparing an opening offer...
Silver (XAG/USD) price fell near $30.90 during the early European trading hours on Monday (03/1). Growing fears of a global trade war following US President Donald Trump's massive tariff measures boosted the US Dollar (USD) across the board and exerted selling pressure on the white metal. According to the 4-hour chart, the bullish outlook for the white metal remains intact, with the price holding above the key 100-period Exponential Moving Average (EMA). However, the Relative Strength Index (RSI) is hovering around the midline, suggesting that further consolidation cannot be ruled out. The...
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...