AUDUSD Edges Higher on Chinese Optimism Despite Weak Aussie PMIs LeapRate

November 23, 2023 BY Simon Mugo

AUDUSD Edges Higher on Chinese Optimism Despite Weak Aussie PMIs

These declines pushed these sectors further into contractionary territory. Furthermore, the impact of the Reserve Bank of Australia's (RBA) meeting minutes still lingers, as the board reiterated concerns about inflation and the potential for future interest rate hikes. Despite these setbacks, there was a glimmer of positivity for the Australian dollar from China. Beijing's announcement…

March 27, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Governments and regulators take measures to counter the corona-crisis

The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…

March 26, 2020 BY Valentina Kirilova

Soft US and Euro area PMI suggests sharp economic contraction in US and Europe

What's next? As lockdowns have been extended in Europe, likely, the next PMI reading will also be bad. However, the stock markets are forward-looking, and I suspect that they will be more interested to see what will happen with the development of Covid-19, and how the Chinese economy is doing, for clues to what may…

November 07, 2017 BY Valentina Kirilova

Weaker demand for large law firm services pushes Thomson Reuters Peer Monitor Index lower

The large law firm market slowed again in the third quarter, as declining demand more than offset higher rates, according to the Thomson Reuters (NYSE:TRI) Peer Monitor Index (PMI). The PMI, which measures the relative health of the U.S. large law firm market, fell one point to 49. Demand for the large law firm market…

August 22, 2016 BY LeapRate Staff

Forex Week in Focus, August 22: PMIs, Fed's Jackson Hole symposium

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] This week is relatively quiet. However there are two big things on the schedule: the preliminary purchasing managers’ indices (PMIs) from the major economies on Tuesday and the Kansas City Fed’s annual Jackson Hole symposium on Thursday and…

August 01, 2016 BY Valentina Kirilova

SGX spot iron ore up 10.2% MoM in July 2016

Singapore Exchange (SGX) iron ore derivative volumes totaled 118.8 mil mt in July, while open interest averaged 186.7 mil mt during the month. The suite of ferrous products has provided market participants with a wide range of trading strategies and risk management solutions. 62% Fe spot iron ore averaged $56.61 per tonne in July, up…

Tag: PMI