Previous Trading Days Events 22.08.2024

France PMI  

Frances Manufacturing PMI dropped to 42.1 in August from 44 in July, below expectations of 44.4, marking 19 months of contraction.

France Services PMI surged to 55.0, up from 50.1, exceeding forecasts of 50.3.

Germany PMI  

Germanys Manufacturing PMI fell to 42.1 in August from 43.2, below the 43.5 forecast, marking 26 months of decline.

Germany Services PMI dipped to 51.4, down from 52.5, missing expectations of 52.3.

UK Services PMI

UK Manufacturing PMI rose to 52.5 in August from 52.1, beating expectations of 52.1.

UK Services PMI increased to 53.3, exceeding forecasts of 52.8.

US Manufacturing PMI

US Unemployment Claims rose by 4,000 to 232,000, surpassing the 230,000 forecast.

US Manufacturing PMI dropped to 48, missing expectations of 49.6, while US Services PMI edged to 55.2, beating the forecast of 54.

Winners Vs Losers In The Forex Market

On August 22, 2024, USDJPY led the forex market gains with a 0.74 shift, adding 107.9 pips, while AUDUSD posted the largest loss, dropping 0.58 with a decline of 39.4 pips.

News Reports Monitor Previous Trading Day 22.08.2024

Server Time Timezone EEST UTC 0300

Tokyo Session No major data.
London Session Bearish EUR at 715730 am GMT as France and Germany Manufacturing PMIs fell below forecasts; Services PMIs mixed.

Bullish GBP at 830 am GMT as UK Manufacturing and Services PMIs exceeded expectations.

3. New York Session Bearish USD at 1230 pm GMT…