Dollar on Backfoot as US Data Disappoints

The US dollar is sensitive to data misses and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a sell off of the greenback. The United States is not immune to recession fears even if it remains the developed economy with the strongest pace of growth, but the prolonged trade war with China and
Good afternoon. Welcome to the room where members of the Board of Governors and the presidents of the 12 Reserve Banks meet eight times a year—most recently, two weeks ago—to decide the stance of monetary policy. It's a magnificent, formal—perhaps even imposing—room, with 26-foot ceilings, a monumental marble fireplace, and a 1,000-pound brass and
On 18 September 2019 the directors of Berkeley Burke SIPP Administration Limited ('BBSAL'), a firm authorised and regulated by the FCA, appointed Adrian Allen and Diana Frangou of RSM Restructuring Advisory LLP as Joint Administrators ('administrators'). On 2 October 2019 the administrators decided to discontinue BBSAL’s appeal of the High Court’s
US Open - Mixed NFP report still supports Fed easing cycle, Powell on tap, Oil, Gold, Brexit - MarketPulseMarketPulse Home / Commodities / Currency / Economic Exposure / News / USD Share 0 Weakness is trickling into the labor market, albeit at a slow pace.  The September nonfarm payroll employment report came in slightly softer than expected at 136
Goods (Census basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade Zones. They include government and non-gover
IHS Markit Hong Kong Whole Economy PMI™ falls tosecond-lowest since early 2009 Protests and trade wars continue to hurt demand Downturn is widespread across major sectors Business sentiment at new record low The deterioration of the health of the Hong Kong SAR economydeepened in September, with the latest PMI survey indicating one ofthe steepest de
The household saving rate in the euro area was 13.3% in the second quarter of 2019, compared with 13.0% in the first quarter of 2019. Original link
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €40.9 billion (1.0% of GDP) in the second quarter of 2019, down from a surplus of €47.4 billion (1.2% of GDP) in the first quarter of 2019 and from a surplus of €67.6 billion (1.7% of GDP) in the second quarter of 2018, according to estimates released by E
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers. Original link
4 Oct 2019 The Securities and Futures Commission (SFC) has obtained disqualification orders in the Court of First Instance against former chairman and executive director, Ms Wong Yuen Yee, and three former executive directors, namely, Mr Robert Wong Yao Wing, Mr Wong Kwok Sing and Mr Lam Shiu San, of Inno-Tech Holdings Limited (Inno-Tech) (Notes 1,
Global PMI™ slips to 51.2 in September Trade-led slowdown spreads further to services New business inflows lowest since 2012 Jobs growth stalls Investment indicators at lowest since 2012 in Q3 Latest worldwide PMI data showed the global economy losinggrowth momentum again in September, registering the joint-weakestincrease in output for three years
US-China trade talks and IMF outlook US and Eurozone inflation Brexit draws closer plus update from UK GDP UK GDP, eurozone inflation Reports on how low ECB rates could go, plus whether India-US trade tensions can be defused The week ahead sees the resumption of trade talks between the US and China plus the IMF's latest outlook, while key economic
The FCA has today published the interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all consumers in these markets. It sets out concerns about how pricing in these markets leads to consumers who do not switch or negotiate with their provider paying high prices for t

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