Forex Top Team

Yesterday, the Tokyo market was closed for Labor Thanksgiving Day, and the New York market was closed for Thanksgiving, leaving the dollar market without guidance from US Treasury yields.

Yesterday, the Tokyo market was closed for Labor Thanksgiving Day, and the New York market was closed for Thanksgiving, leaving the dollar market without guidance from US Treasury yields. It appeared that the recent market movements were mostly due to position adjustments. Today, US stock and bond markets resume trading, albeit with shortened sessions. With […]

Dollar selling reaction to weakness in US service industry PMI

the US PMI for the August survey was released, and the service industry PMI dropped to 44.1 more than expected, prompting stronger dollar selling. The dollar/yen fell to the 136 yen level and the euro/dollar was bought back to the high $0.99 level. Preliminary US PMI (August) 22:45manufacturing industryResult 51.3Forecast 52.0 Last time 52.2 Non-manufacturingResult […]

The dollar will continue to depreciate, or the US index will not be strong.

Recently, the dollar index has been on a downward trend. Following the sharp rise in the US consumer price index, the market has begun to factor in a 1.00% rate hike for the US FOMC. At this time, the dollar’s appreciation peaked out. There was also a symbolic phenomenon such as the Eurodollar parity cracking. […]

Last week, a series of weak PMI announcements

In the latter half of last week, weak PMIs from Europe and the United States were announced one after another. The market was nervous each time, with the worsening business sentiment in Europe such as Germany selling euros and buying dollars, and the sharp deterioration of US non-manufacturing PMI selling dollars and buying euros. The […]

France, Germany, UK, Europe, PMI are all good

Eur is bought. It responds to an unexpected improvement in the French PMI preliminary figures for June. The manufacturing industry was 52.1 (preliminary forecast 46.0), and the non-manufacturing industry was 50.3 (preliminary forecast 45.2), both higher than expected. The composite index was also 51.3 (preliminary forecast 46.8). Following the French announcement, Germany’s PMI preliminary figures […]

April UK construction industry PMI was 8.2, a historical low level

The British construction industry PMI in April was 8.2, which was far below the previous forecast of 21.7. It has fallen further since 39.3 last March and is at a historical low level. Selling has accelerated in the pound market even before the announcement, but it is still cheaper after the announcement. (Source: Minkabu) Stop […]