Tag Archive: Forex News

GBP/USD – Pound Drops as UK Services PMI Disappoints

The British pound has posted considerable losses in the Monday session. In North American trade, GBP/USD is trading at 1.4009, down 0.79% on the day. On the release front, the focus was on the services sectors. British Services PMI slowed…
Read more

CAC Slides on US Inflation Concerns

The CAC index is down sharply in the Monday session. Currently, the index is at 5293.90, down 1.32% since the Friday close. On the release front, Eurozone and French Services PMIs improved in January, and both readings beat their estimates….
Read more

DAX Drops to 17-Week Low, Eurozone Retail Sales Slide

The DAX remains under pressure, and has started the week with strong losses. In the Monday session, the index is trading at 12,659.00 down 0.98% since the Friday close. On the release front, Eurozone and German Services PMIs improved in January….
Read more

EUR/USD – Euro Yawns as German, Eurozone Services PMIs Improve

The euro is trading sideways on Monday, after an uneventful week. Currently, the pair is trading at 1.2463, up 0.06% on the day. On the release front, Eurozone and German Services PMIs improved in January. Both readings beat their estimates….
Read more

Equities Slump Deepens; Dollar Steady

Monday February 5: Five things the markets are talking about Global stocks have extended their biggest decline in two-years overnight while the ‘big’ dollar steadies outright against G10 currency pairs. Sovereign treasury yields continue to creep higher, while crude oil…
Read more