News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/5k12gmaSM0
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.36% 🇯🇵JPY: 0.10% 🇬🇧GBP: 0.07% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.00% 🇨🇦CAD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hycxcTiQnV
  • Heads Up:🇦🇺 RBA Interest Rate Decision due at 04:30 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-08-03
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.21% US 500: 0.16% France 40: -0.22% FTSE 100: -0.28% Germany 30: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/dqQkfkjnlD
  • Was an absolute please to be back on @ausbiztv again today with @NadineBlayney discussing the Australian Dollar ahead of the #RBA (due in 30min!) Check out the full clip below for my thoughts on where #AUD #AUDNZD may go here - https://t.co/XqMHkiLkid https://t.co/vY6vutdGjg
  • Wuhan to conduct citywide Covid tests after infections found -BBG
  • (Equities Special) Nasdaq 100 Forecast for the Week Ahead: Tech May Outperform the Dow Jones #NASDAQ #NASDAQ100 #DowJones #NFPs https://www.dailyfx.com/forex/fundamental/article/special_report/2021/08/03/Nasdaq-100-Forecast-for-the-Week-Ahead-Tech-May-Outperform-the-Dow-Jones.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/XhNIvtiBFD
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/cg1xX4B68o
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/iE8mGqZtLX
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.17% Gold: -0.11% Silver: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/le5P0D0CaR
US PMI Figures Miss, Pushing Treasury Yields To 2019 Lows

US PMI Figures Miss, Pushing Treasury Yields To 2019 Lows

Thomas Westwater, Analyst

Markit PMI Talking Points:

  • The U.S. Markit composite PMI reading came in at 50.9, marking continued weakness in the US services and manufacturing sectors
  • US Treasury yields continue to fall as Investors look for safety among concerning economic data and trade tensions
  • The weak trend continues in services and manufacturing, falling from a high point last summer

Markit Economics released their May Purchasing Managers Index readings Thursday for the service and manufacturing sectors. The weak data put pressure on a rising US Dollar, pushing the dollar from its daily high of 98.365 to 98.125 at the time of this article’s writing.

DXY

US Treasuries yields also fell on the release of the data, as investors sought out the safety of US debt as the economy continues to show signs of stress. Consequently, the 10-year yield hit a year-to-date low of 2.3203. The move in US Treasury yields shows a contrasting appetite for US debt compared to last year. Economic data points have continued to come in mixed during 2019, with these economic fissures starting to spark investor concern.

TNX

The Flash US Composite PMI index signaled the weakest expansion in business activity since May 2016. Interestingly, in the face of continuing trade tensions with China, input prices eased in May for a third consecutive month. However, survey participants were less optimistic about output over the next 12 months with many respondents noting trade tensions as a factor for their weak views of future output.

--Written by Thomas Westwater, Intern Analyst for DailyFX.com

Contact and follow Thomas on Twitter @FxWestwater

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

DISCLOSURES