Tag Archives: services

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3 Dec: DXY at a 4.5 year high. Commodity bloc under pressure. AUD Q3 GDP, Services PMI’s ahead.

3 Dec: DXY at a 4.5 year high. Commodity bloc under pressure. AUD Q3 GDP, Services PMI’s ahead.

An underlying bid tone in the US$ gradually gathered pace through the session, leaving most of the counterpart currencies at or near trend lows and looking as though there may be more of the same ahead. Direction today will come partly from the global services/composite PMI’s, where China will kick things off in Asia, although
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Financial Services Stock Susceptible to Further Downside on Fed Announcement – Altisource Portfolio Solutions (ASPS)

Altisource Portfolio Solutions (ASPS) broke out of a cup and handle base the week of October 28, 2011 and advanced 550% to its peak the week of December 6, 2013. The company benefited tremendously from lower rates and quantitative easing. Now that the easy money era is coming to a close, institutions have been busy

Today’s Trading Edge: EUR/USD– Dollar Rally Continues on Services and Factory Data

The euro-dollar trade is becoming fairly boring and that is a good thing for swing traders, as yet another summer trading day has key economic data continue to support the strong dollar movement.  The euro’s decline towards the psychological 1.30 level may not be occurring as fast as some would like it to be, but

EUR/USD Back to Yearly Lows as ISM Services Hits 9 Year High

DailyFX.com – Talking Points: – July ISM Non-Manufacturing/Services at 58.7, the highest level since December 2005. – ISM says “gains coming from almost every [US] industry.” – EURUSD dives towards yearly low near $ 1.3366. US economic data has been improving steadily over the last several weeks, aiding the US Dollar’s recent rebound. Although the

GBP/USD Fails To Break 1.6900 Amid Roaring UK Services PMI Figure

DailyFX.com – Talking Points: UK Markit/CIPS Composite PMI (Jul): 58.8 Actual Vs 58.0 Estimated; 58.0 Prior. UK Markit/CIPS Services PMI (Jul): 59.1 Actual Vs 58.0 Estimated; 57.7 Prior. GBP/USD Trades at a Day High at 1.6882 after UK Services PMI Reaches 8-Month High. Want to trade with proprietary strategies developed by FXCM? Find out how
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Dollar Finds Support After Strong Services Data and Other Top Forex News.

The dollar was mostly higher on Wednesday, following the release of upbeat U.S. service sector data. But gains were limited following weak U.S. non farm payrolls data earlier in the session. This mornings data got off to a bad start when Payroll processing firm ADP said non-farm private employment rose by 179,000 in May, below
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United States Services PMI

Services PMI in the United States increased to 58.10 Index Points in May of 2014 from 55 Index Points in April of 2014. Services PMI in the United States averaged 54.91 Index Points from 2013 until 2014, reaching an all time high of 58.10 Index Points in May of 2014 and a record low of
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EURUSD Rises as Euro Area April Services Grows at Fastest Pace Since June 2011

Talking Points: Eurozone Composite In-Line with Previous Estimates Euro Extended its Gains Against the US Dollar Focus Turns to ECB Monetary Policy Statement Later This Week The regional Eurozone Composite PMIconfirmed preliminary estimates showing manufacturing- and service-sector activity grew at the fastest pace in three years. However, the positive figures may not be enough to
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