In a leading indicator the Chicago PMI came in stronger-than-expected for the December period. The index posted a reading of 62.5, basically matching November 62.6 and much stronger than the forecast of a 60.4 print which would have meant a slower expansion of activity. Read More Chicago PMI, Pending Home Sales Show Continued Momentum in [...]
Risk-on trading took a pause around 10 AM ET, as the US posted its Chicago PMI and Conference Board Consumer Confidence index, both coming in weaker than expected, and continuing the theme of softening US fundamental data. The Dollar slipped against the Yen, giving back a chunk of its gains from Read More US Data [...]
FXstreet.com (Barcelona) – Despite mostly lackluster consumption and spending results, stocks on… For more information, read our latest forex news. Read More Wall Street boosted by robust Chicago PMI
USD traded mixed Friday with EUR initially supported by a statement from Chinese officials reaffirming China’s commitment to EU investments. EUR gains were limited by ongoing EU debt worries with focus shifting to Italy and in reaction to weaker US equities. GBP traded lower pressured by report of a decline Read More USD Higher, Weak [...]
Business activity in the U.S. unexpectedly expanded in October, a sign the economic recovery that began in the third quarter will persist in coming months. Read More Chicago Purchasing Managers Index Increased to 542 in October
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