The US S&P Global PMI falls short of expectations.
The PMI is still within the expansion area but came slightly short of what experts anticipated and lower than the previous month.
European Area S&P PMI also came short of expectations
Europe is now seeing a contraction as Factory Production slows down
The unemployment rate remains unchanged
Reserve Bank of Australia hiked Interest Rates 50 basis points.
This is the fourth consecutive hike from RBA in an effort to control inflation and restore price stability.
The Balance of trade dropped 1.956B from the previous month.
Economic concerns in China and Taiwan strengthen the USD
The USD gained significant ground across all major pairs on Tuesday in a combination of Fundamental and technical factors.
European geopolitical concerns appear to be driving investors to purchase US assets despite US data indicating the country's economy is weakening.
Bank of England hikes Interest Rate.
BoE hiked the Interest rate by 50 bps to a total of 1.75%
The pound gained some ground over the US dollar but fell after US Non-Farn Payrolls data release.
US Non-Farm Payrolls data came out higher than expected
The result was 528K, more than double the consensus of 250K
The USD labor market continues to be strong, helping raise the value of the USD
Upcoming High Impact Economic Indicator Releases
CHF- Switzerland Unemployment Rate
CNY - China's Inflation Rate YoY
USD - USA Consumer Price Index
USD - Inflation Rate YoY
GBP - UK GDP Growth Rate
GBP - UK Goods Trade Balance
USD - USA Michigan Consumer Sentiment
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