| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
German PMI Manufacturing declines in July; services PMI up
FXstreet.com (Barcelona) - Business activity in the German manufacturing sector has expanded in June, although at a pace sensitively slower than in June, and very close to the contraction area, while services activity has accelerated on the month, according to the preliminary estimates by NTC Economics.
Manufacturing PMI has declined to 50.9 in July from 52.6 in June, still above, but approaching the 50 level which separates contraction from expansion of the sector's activity.
Services PMI, however, has posted a unexpected increase to 53.3 in July from 52.1 in June. The increase has been unexpected, as market analysts had advanced a slight decline to 51.5.
USD/CAD: Dollar weakened in early US session Sep 05, 2008 9:27AM- Canadian Ivey PMI declines larger than expected in August Sep 05, 2008 9:09AM
- US Unemployment rises above expectations in August Sep 05, 2008 7:50AM
- Steve Goldman, market strategist at Weeden & Co. Sep 05, 2008 10:26AM
- Gary Thayer, chief economist with A.G. Edwards and Sons Sep 05, 2008 10:25AM
- Avery Shenfeld, senior economist at CIBC World Markets Sep 05, 2008 10:24AM
Trichet Expected to Remain Hawkish as Traders Await ECB Rate Decision
The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss. Traders attributed the...
nythomas1
Rpchost.com - Free Forex strategies and video training
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