Economics
United Kingdom flash Services PMI expands slower-than-expected to 51.7 in September
The United Kingdom (UK) S&P Global Services Purchasing Managers’ Index (PMI) expands at a moderate pace to 51.7 in September. The data was already anticipated to arrive lower at 52.0 from 52.5 in August. Weak UK Services PMI led to a slowdown in the overall business activity. The Composite PMI dropped to 51.7 from 52.5 […]
by Currency Hedger
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- 2 weeks ago
Strong PMI indicators do not help the euro! EURUSD tests key 1.1400 level
The latest preliminary PMI estimates for September brought a clear positive surprise on the demand side in the euro area. Economic activity in Europe is visibly accelerating, with key economies in the region, led by France and Germany, recording a strong rebound in the services sector. Despite challenges related to cost pressures and previous monetary […]
by Currency Hedger
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- 2 weeks ago
Economic calendar: how will global turmoil affect preliminary PMI reports?
Wednesday’s macroeconomic calendar will focus primarily on the preliminary September PMI readings . Before noon, data from France, Germany, and the broader Eurozone will show whether the European economy is maintaining its moderate pace of recovery. In Poland, the August unemployment rate will be released, while in the afternoon the main focus will shift to […]
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- 2 weeks ago
Dutch Q2 GDP Growth Revised Up to 0.6%
The Dutch economy expanded by 0.6% in the three months to June 2026, revised up from an initial estimate of 0.4% and following 0.3% growth in the previous quarter. This marked the strongest growth since the third quarter of 2024 and was driven entirely by domestic demand. Household consumption increased by 0.8%, after a 0.5% […]
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- 2 weeks ago
Iran offers to reopen Hormuz Strait within 7 days – Kyodo News
According to a report from Kyodo news, a senior Iranian official has said that Iran will reopen the Strait of Hormuz, a critical chokepoint to almost 20% of global energy supply, within seven days if the United States (US) takes initial steps toward easing military pressure. Market reaction A sharp selling pressure is seen in oil […]
by Currency Hedger
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- 2 weeks ago
Markets – US500 at Record High
Wall Street indices hit new record highs. What’s next for S&P 500?U.S. index futures are coming off their strongest session in several months, which pushed the S&P 500 futures contract ( US500 ) to fresh all-time highs. The move was driven largely by falling oil prices. Investors’ attention is now gradually shifting toward the next […]
by Currency Hedger
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- 2 weeks ago
Economic Calendar – Another day of central bankers’ speeches. Is AUDUSD responding to inflation risks?
Today’s session is marked by numerous speeches from central bank representatives (RBA, ECB, Fed, and Bundesbank), which may trigger elevated volatility in foreign exchange markets. In the spotlight were comments from RBA Governor Bullock, who highlighted inflation risks stemming from the Middle East and demand pressure driven in part by the artificial intelligence sector. In […]
by Currency Hedger
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- 2 weeks ago
UK Public Sector Borrowing Exceeds Forecasts
UK public sector net borrowing (excluding public sector banks) was £-18.3 billion in August 2026, higher than the £-15.4 billion in the same month last year and market expectations of £-15.7 billion. This marked the second highest August on record (not adjusted for inflation), behind that of 2020, and £3.5 billion above the OBR forecast.
by Currency Hedger
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- 2 weeks ago
Dutch Consumer Mood Least Negative in 6 Months
Consumer confidence in the Netherlands slightly improved to -33 in September 2026 from -34 in August, marking the least pessimistic reading since March but remaining well below its long-term average of -12 over the past 20 years. The improvement was driven by greater willingness to buy, which rose to -17 from -19 as consumers became […]
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- 2 weeks ago
Finnish Jobless Rate Falls to 11-Month Low
Finland’s unemployment rate declined to 9.1% in August 2026 from 9.3% in the same month last year, marking the lowest level since September 2025. The number of unemployed decreased by 5,000 from a year earlier to 262,000, comprising 140,000 men and 122,000 women. By gender, the male unemployment rate remained at 9.2%, while the female […]
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- 2 weeks ago