09:30 AM BST, United Kingdom - PMI Data for August:
-
S&P Global Composite PMI: actual 53.0; forecast 51.6; previous 51.5;
-
S&P Global Manufacturing PMI: actual 47.3; forecast 48.2; previous 48.0;
-
S&P Global Services PMI: actual 53.6; forecast 51.8; previous 51.8;
The British private sector recorded the fastest rate of growth in 12 month, with services driving the recovery of UK's economy after slugish spring. Manufacturing index, on the other, dropped to its 3-month low, indicating an even more rapid contraction of the sector. GBPUSD broke above EMA30 on M30 interval upon data publication.
Source: xStation5
Daily summary: Sentiments on Wall Street stall at the end of the week🗽US Dollar gains
US100 loses 0.5% 📉Meta shares decline extends on AI CAPEX worries & Deutsche Bank remarks
Fed's Bostic and Hammack comment the US monetary policy 🔍Divided Fed?
Scott Bessent sums up the US trade deal with China🗽What will change?
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
