THE TAKEAWAY: UK PMI for construction rises to a yearly high -> Positive economic indicator comes days ahead of Carney’s first BoE meeting -> Pound tumbles along with equities The UK Purchasing Managers’ Index for construction reached a yearly high of Read More →

US Factory Orders data and scheduled remarks from central bank officials are in focus as speculation about “tapering” Fed QE efforts remains at center stage. Talking Points US Factory Orders, Fed-Speak Key with QE “Taper” Outlook in Focus Eurozone PPI Improvement Could Boost Read More →

Dollar Rally Stalls Before Breakout as ISM Data Stirs Taper Talk Australian Dollar Finds Little RBA Support for Reversal, Rally Euro: Does 1.3075 or 1.3000 Break First? Japanese Yen: Tankan Report Reinforces BoJ Stimulus Drive British Pound Finds Little Volatility on Carney’s First Day Read More →

Trading the News: Reserve Bank of Australia Interest Rate Decision What’s Expected: Time of release: 07/02/2013 4:30 GMT, 0:30 EDT Primary Pair Impact: AUDUSD Expected: 2.75% Previous: 2.75% DailyFX Forecast: 2.75% Why Is This Event Important: The Reserve Bank of Australia (RBA) is widely expected to keep the Read More →

THE TAKEAWAY: Chinese Manufacturing PMI (JUN): 50.1 actual versus 50.1 expected, from 50.8 prior > US ISM Manufacturing (JUN): 50.9 actual versus 50.5 expected, from 49.0 prior > USDJPY slowly approaches the critical ¥100.00 level Markets are trading broadly higher today Read More →