Latest data released by Markit – 6 September 2018 – 50.0 ForexLive Slight delay in the release by the source. Slight improvement in construction activity but nothing too convincing after the bounces up and down since early this year. Again, this is just survey data but once again it highlights that there are still some…
Comments by China’s commerce ministry – If US insists on implementing new tariffs measures, China will retaliate – China will be closely monitoring impact from new tariffs ForexLive
Third quarter productivity data ForexLive
That’s a big earthquake If the initial estimate holds up, that’s the biggest earthquake in almost exactly a year. The Chiapas quake in Mexico on September 8, 2017 was a magnitude 8.2.
Jobs data from ADP This was the biggest miss compared to expectations since May 2016. The US dollar is a tad softer on the headlines but I don’t think anyone is writing of the US economy.
What to look for in the non-farm payrolls report Once upon a time, the US jobs report was a big deal. It was a report that was always sure to inspire volatility, offering many insights into the future decision making at the Federal Reserve. But for many months now, this report has lost a whole…
It’s not the market-mover it used to be The market is more concerned about wages than jobs so the ADP employment report is unlikely to make waves. It’s due at 8:15 am ET (1215 GMT) and the consensus is +200K.
Closing changes for the main European bourses The DAX is down more than 7% since the end of July. ForexLive
ForexLive European FX news wrap: Yen, swissie hold the fort as markets await developments in trade rhetoric
Forex news from the European trading session – 6 September 2018 Headlines: Markets: – JPY leads, CAD lags behind on the day – European equities mixed – Gold up 0.77% to $1,206.22
US dollar jumps higher The US dollar is at the best levels of the day with the euro and Canadian dollar under particular pressure. There’s no NAFTA news out and I can’t find anything else to spark a bid. It looks like stops above 1.3200 set of a wave of buying in USD/CAD.