French Manufacturing Activity Slows in July Amid Order Declines
French manufacturing growth moderated in July, with new orders and production seeing accelerated declines, according to the latest PMI data.
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French manufacturing growth moderated in July, with new orders and production seeing accelerated declines, according to the latest PMI data.
Ethereum's price is testing a crucial support zone around $1,850, with market structure indicating a moderately bearish sentiment.
This week features significant manufacturing and services PMI data, US labor market reports, and central bank commentary.
Germany's retail sales experienced an unexpected decline in June, falling short of economic forecasts and indicating a potential slowdown in consumer spending.
German retail sales experienced an unexpected contraction in June, falling by 0.2% year-on-year, a significant drop from the prior month's growth.
Russia's manufacturing PMI edged up in July, indicating a slight but continued expansion in the sector, according to S&P Global.
Solana struggles below its 50-day EMA, while Cardano and Bitcoin navigate important support and resistance areas in Asian trading.
Crude oil futures experienced a decline following reports that the United States and Iran are set to recommence diplomatic discussions.
The Indonesian Rupiah maintains its recent appreciation against the US Dollar following encouraging manufacturing sector expansion.
Recent developments suggest a renewed effort to de-escalate US-Iran tensions, potentially impacting global oil prices.
The USD/JPY currency pair has fallen, with market participants reacting to reports of potential joint intervention efforts.
Asian markets experienced broad declines amid geopolitical events, yen volatility, and varied manufacturing data across the region.
Asian stock markets saw declines, with Japan's Nikkei pressured by a stronger yen and South Korea's KOSPI falling due to chip sector concerns.
UBS anticipates gold reaching $5,200 by June 2027, while also flagging a potential short-term decline amidst Federal Reserve rate hike concerns.
The Canadian dollar edged lower against the US dollar, influenced by falling crude oil prices despite broader US dollar weakness.
The Australian Dollar maintained strength against the US Dollar early Monday, trading around 0.7030 following the release of Chinese manufacturing data.
A recent Reuters poll indicates the Reserve Bank of India is likely to keep interest rates steady, diverging from global trends.
The New Zealand Dollar maintains its value against the US Dollar, shrugging off recent weaker manufacturing data from China.
China's private manufacturing sector expanded for the eighth consecutive month in July, though at a slightly slower pace.
A private survey indicated a slowdown in China's manufacturing sector for July, missing analyst expectations and falling from June's figures.
China's central bank established the daily yuan reference rate at 6.7898 against the US Dollar, allowing for a 2% fluctuation band.
The Japanese Yen advanced as bond yields climbed, driven by market expectations of further intervention and potential Bank of Japan policy adjustments.
Japan's Finance Minister refrained from commenting on whether the government intervened in the foreign exchange market on Monday.
Shipping activity through key oil chokepoints, including the Red Sea and Strait of Hormuz, continues to be substantially depressed.
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