by OverviewFX | Aug 22, 2024 | Forex
In a Bloomberg TV interview recorded on Wednesday and aired Thursday, Kansas City Fed Bank President Jeff Schmid emphasized the importance of waiting for additional economic data before making any decisions on rate cuts. “It makes sense for me to really look at some...
by OverviewFX | Aug 22, 2024 | Forex
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 17-18 July 2024 22 August 2024 1. Review of financial, economic and monetary developments and policy options Financial...
by OverviewFX | Aug 22, 2024 | Forex
Germany’s PMI data for August paints a bleak picture, with both the manufacturing and services sectors underperforming. PMI Manufacturing dropped from 43.2 to 42.1, falling short of the expected 43.5. PMI Services also declined, falling from 52.5 to 51.4, below the...
by OverviewFX | Aug 22, 2024 | Forex
Eurozone PMI Manufacturing fell slightly from 45.8 to 45.6 in August, an 8-month low and below expectations of 46.1. In contrast, PMI Services showed a strong performance, rising from 51.9 to 53.3, surpassing the expected 52.2. This divergence led to a modest increase...
by OverviewFX | Aug 22, 2024 | Forex
Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August’s resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron’s 5.5% drop to a...
by OverviewFX | Aug 22, 2024 | Forex
JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of...
