Author: FX

US business activity lost momentum in September, according to the flash reading of S&P Global’s Composite PMI, which ticked down to 53.6 from 54.6 in August. The index, where any reading above 50 indicates expansion, points to a private sector that seems to be struggling to strengthen further.The details painted an upbeat picture. Manufacturing remained within growth territory, despite its PMI easing to 52 from 53, signalling waning momentum in the sector. Services, by contrast, lost a touch of steam, slipping to 53.9 from 54.5, suggesting demand there may be easing.Following the news release, Chris Williamson, Chief Business Economist at…

It’s been a pretty slow session with just a few economic reports and limited newsflow. The main highlights were the Flash PMIs for Eurozone and the UK. The Eurozone PMIs were good, especially on the services side. HCOB wrote: “eurozone is still on a growth path. Manufacturing output has increased for the seventh month in a row, and business activity in the services sector has been expanding almost continuously since February 2024.”The UK PMIs, on the other hand, missed expectations across the board and were followed by a more downbeat assessment. S&P Global noted “September’s flash UK PMI survey brought…

onurdongel/iStock via Getty ImagesPlug Power (NASDAQ:PLUG) shares have popped 7% premarket on Tuesday, after rising in the past nine consecutive sessions. Shares closed 21.7% high on Monday at $2.65, and could open at $2.84 if the premarket gain holds. Short interest in the company stands at 30.23%. Source link

UK firms lose momentum as they worry about new tax hikes, PMI shows Source link

VT Markets, a leading multi-asset broker, is celebrating the success of its ongoing partnership with Newcastle United , and marking the start of the new football season with the release of its latest brand film. The film highlights the evolution of VT Markets’ partnership with Newcastle United as it enters its second year, showcasing the shared values that are essential qualities for success both on the pitch and in the world of trading. Titled ‘Together, Into Tomorrow’, the brand film reinforces the strength of the VT Markets and Newcastle United partnership, showcasing how these core values fuel success in both…

Genfit S.A. press release (OTCPK:GNFTF): 1H GAAP EPS of -€0.20. Revenue of €35.67M (-41.7% Y/Y). Cash and cash equivalents totaled €107.5 million as of June 30, 2025, excluding the €26.5 million milestone invoiced in May 2025 (received in July 2025) upon pricing and reimbursement approval of Iqirvo® (elafibranor) in Source link

Cable looks like it’s gearing up for another bullish swing after bouncing off a support zone! Will GBP/USD extend its months-long trend in the next trading sessions? Let’s take a look at the 4-hour time frame! GBP/USD 4-hour Forex Chart by TradingView The British pound caught a few pips against the U.S. dollar on Monday, thanks to a combo of dovish Fed expectations and improved risk sentiment. Fed Chair JPow is up later today. If he repeats the Fed’s cautious stance on further easing, we could see the dollar extend its weekly losses. But if he walks back and emphasizes…

Exclusive-China ask brokers to pause real-world asset business in Hong Kong, sources say Source link

The major assets started the week searching for direction as investors awaited key economic data and FOMC members’ comments. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: Estonia says Russian fighter jets violated its airspace Friday afternoon Iraq’s federal and Kurdish regional governments reached a deal to restart crude exports via Turkey China Loan Prime Rate 1Y for September 20, 2025: 3.0% (3.0% forecast; 3.0% previous); 5Y at 3.5% (3.5% forecast; 3.5% previous) RBA Gov. Bullock said domestic data have been “in line with our expectations or, if anything, slightly stronger“ Canada…

This Aussie pair recently busted through its long-term channel resistance, suggesting a reversal from the downtrend. Are more buyers about to hop in this potential retest? Take a look at these correction levels on the 4-hour time frame: AUD/JPY 4-hour Forex Chart by TradingView Economic data from the Land Down Under has mostly been impressive recently, as the CPI and GDP readings suggested lower odds of further easing from the Reserve Bank of Australia (RBA). At the same time, the pickup in risk-taking stemming from Fed interest rate cut expectations lifted the higher-yielding commodity currency while weighing on the safe-haven…