We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • BOJ GOV KURODA: - Global economy rapidly worsening due to virus, Japan expected to remain in 'severe' situation - Uncertainty extremely high for economic outlook, financial markets still nervous #USDJPY #BOJ
  • Join @IlyaSpivak 's #webinar at 10:00 PM ET /2:00 AM GMT to prepare for the week ahead in trading $AUDUSD Register here: https://t.co/sZNWPVRHA0 https://t.co/eIXdNJQBce
  • Wonder what insight on the situation with China will come out of this. @ZabelinDimitri has the background - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/05/25/AUD-May-Fall-on-Australia-China-Tensions-Euro-Eyes-500b-Proposal.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr https://t.co/Szs7ii3ufu
  • HEADS UP: Australian PM Scott Morrison is due to speak at the National Press Club in Canberra in approx. 2 hours (2:30 GMT). https://t.co/kImzlZLG0k #AUDUSD
  • 🇸🇬 GDP Growth Rate YoY Final Actual: -0.7% Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • 🇸🇬 GDP Growth Rate QoQ Final Actual: -4.7% Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • SINGAPORE Q1 GDP -4.7% q/q annualized vs -8.2% expected, -10.6% earlier estimate #USDSGD
  • Heads Up:🇸🇬 GDP Growth Rate YoY Final due at 00:30 GMT (15min) Actual: -0.7% Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Final due at 00:30 GMT (15min) Actual: -4.7% Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • On Friday, EUR/GBP surged to an over six-week high at 0.8940 then closed the weekly candlestick in the green with a 2.3% gain. Get your $EURGBP market update from @malkudsi here: https://t.co/ln09Ijn7rd https://t.co/oOiE19ZCuW
US Dollar Mixed As June US Markit Manufacturing Slows to 18-Month Low

US Dollar Mixed As June US Markit Manufacturing Slows to 18-Month Low

2012-07-02 13:31:00
Tzu-Wen Chen, Technical Strategist
Share:

THE TAKEAWAY: [U.S. manufacturing expands at slowest pace in 18 months] > [Weaker export orders on deteriorating demand from overseas markets] > [USDJPY mixed]

Manufacturing activity in the U.S. expanded in June at its slowest pace in 18 months, as weaker economic conditions overseas weighed on demand for U.S. exports. A report released by the London-based Markit group showed that its Markit Economics index of U.S. manufacturing fell to 52.5 in June from 54.0 in May. A reading above 50 in the purchasing managers’ measure indicates expansion. Economists surveyed by Bloomberg News had expected the final reading for June to remain unchanged from its initial reading of 52.9. Total new orders rose at the slowest pace in four months, as new export orders declined from May, reflecting deteriorating demand in many overseas markets including the euro zone and China.

The Institute for Supply Management (ISM), which will publish its own manufacturing survey later this morning, has shown expansion in the sector for 33 straight months. Economists surveyed by Bloomberg News expect further growth in June based on the ISM manufacturing index, albeit at the slowest pace in eight months.

USDJPY 1-minute Chart: July 2, 2012

US_Dollar_Mixed_As_June_US_Markit_Manufacturing_Slows_to_18-Month_Low_body_Picture_1.png, US Dollar Mixed As June US Markit Manufacturing Slows to 18-Month Low

Chart created using Market Scope – Prepared by Tzu-Wen Chen

In the minutes after data release, movements in the U.S. dollar were mixed though muted overall. At the time of this report, the greenback was trading slightly higher against the Japanese yen at 79.73 yen.

--- Written by Tzu-Wen Chen, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.