Tag Archive: U.S. ISM Manufacturing PMI

FX Daily, June 01: Greenback Steadies at Lower Levels, Sterling Struggles

2017-06-01

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2017-06-01

The US dollar is mostly firmer against the major currencies. It is consolidating yesterday's losses more than staging much of a recovery. Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is above yesterday's lows. On the other hand, even strong data from Japan did not drive the yen higher.

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Commodity and Oil Prices: Staying Suck

2017-05-24

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2017-05-24

U.S. Industrial Production, 2006-2017
The rebound in commodity prices is not difficult to understand, perhaps even sympathize with. With everything so depressed early last year, if it turned out to be no big deal in the end then there was a killing to be made. That’s what markets are supposed to do, entice those with liquidity to buy when there is blood in the streets. And if those speculators turn out to be wrong, then we are all much the wiser for their pain.

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China: Blatant Similarities

2017-05-07

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2017-05-07

China NBS Manufacturing PMI, April 2007 - April 2017
Declines in several of the world’s PMI’s in April have furthered doubts about the global “reflation.” But while many disappointed, some sharply, it isn’t just this one month that has sown them. In China, for example, both the manufacturing and non-manufacturing sentiment indices declined to 6-month lows.

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FX Daily, March 01: Greenback Bounces, More Fed than Trump

2017-03-01

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2017-03-01

FX Performance, March 01 2017 Movers and Shakers
The much-anticipated speech by US President Trump was light on the details that investors interested in, like the tax reform, infrastructure initiative, and deregulation. There appears to be an agreement to repeal the national healthcare, but there is no consensus on its replacement.

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FX Daily, 01 February: Markets Stabilize, Investors Await Signals from US data and FOMC, and POTUS

2017-02-01

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2017-02-01

(commentary will be sporadic for the next couple of weeks during a European business trip) The US dollar is consolidating yesterday's losses that were spurred speculation that the US was abandoning the more than 20-year old strong dollar policy. The meaning of that policy was clear to global investors even if it was often parodied.

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FX Daily, January 03: Dollar-Bloc and Sterling Advance, while Euro and Yen Slip

2017-01-03

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2017-01-03

FX Performance, January 03 2017 Movers and Shakers
The US dollar is mixed. After a soft start in Asia, where Tokyo markets were closed, the dollar recovered smartly against the euro and yen. The dollar-bloc and sterling are firmer. Sterling's earlier losses were recouped following news that the manufacturing PMI jumped to 56.1, its highest since June 2014.

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FX Daily, November 01: Dollar and Yen Slip in Quiet even if Eventful Turnover

2016-11-01

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2016-11-01

FX Performance, November 01 2016 Movers and Shakers
The US dollar is posting minor losses against most of the major currencies today.The Japanese yen is the exception, as the greenback continues to straddle JPY105. There have been several developments today, and the US also has a full economic calendar today. The most important of the developments was the upbeat message from the Reserve Bank of Australia.

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FX Daily, October 03: May’s Confirmation Sends Sterling Lower

2016-10-03

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2016-10-03

FX Performance, October 03 2016 Movers and Shakers
Sterling has a bad case of the Monday blues. Even the moon looks distraught. Prime Minister May has confirmed earlier suggestions that she will trigger Article 50 to formally begin its divorce proceedings from the EU at the end of Q1 17. Several officials have already hinted this time frame, though many have been skeptical that Article 50 would be triggered at all, given the complexities of the issues.

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The Strikingly Weak ISM Purchasing Manager Indices

2016-09-17

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2016-09-17

Factory
We are always paying close attention to the manufacturing sector, which is far more important to the US economy than is generally believed. The ISM index shows striking weakness.

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US Economy – Curious Pattern in ISM Readings

2016-09-08

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2016-09-08

Head Fake Theory Confirmed? This is a brief update on our last overview of economic data. Although we briefly discussed employment as well, the overview was as usual mainly focused on manufacturing, which is the largest sector of the economy by gross output.

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FX Daily, September 01: A Couple of Surprises to Start the New Month

2016-09-01

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2016-09-01

The new month has begun with a couple of surprises. The biggest surprise has been the record jump in the UK manufacturing PMI to 53.3 from 48.3. A much smaller rebound was expected in August after the Brexit shock drop in July.

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FX Daily, August 01: Dog Days of August Begin

2016-08-01

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2016-08-01

The US dollar is trading with a small upside bias in narrow trading ranges. The main news has consisted of PMI reports, while investors continue to digest last week's developments. In particular the BOJ's underwhelming response to poor economic data and a missed opportunity to reinforce the fiscal stimulus, and the dismal US GDP.

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Global Purchasing Manager Indices (outdated)

Manufacturing PMIs : most leading and important economic indicators.

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Fundamentals,FX,Gold and CHF: Week November 4 to November 8

2013-11-09

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2013-11-09

November 4 to November 8 Weekly FX Rates
Fundamentals with highest importance: The U.S. GDP release for Q3, showed that despite the recent U.S. critique with Germany, the Americans are trying to follow the successful Germans: for the first time since Q1/2012 and Q2/2011 exports rose more than imports. GDP was up 2.8%, but not driven by consumption, it was mostly helped by …

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Fast CHF and Gold Price Movements

2013-11-01

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2013-11-01

Our CHF and Gold News Bar on our home page explains daily CHF and gold price movements based on the most important fundamental indicators in a few sentences. Keep in mind that the only Swiss fundamental data that is able to move the CHF must come from the SNB and from Swiss inflation data – … Continue reading »

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Global Purchasing Manager Indices

2013-04-11

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2013-04-11

Global PMIs December 3, 2012
Manufacturing Purchasing Manager Indices (PMIs) are considered to be the leading and most important economic indicators.   August 2013 Update Emerging markets: Years of strong increases in wages combined with tapering fears have taken its toll: Higher costs and lower investment capital available. EM Companies have issues in coping with developed economies. Some of them …

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The “Sell in May, Come Back in October” Effect and the 19 Fortune-Tellers of the FOMC

2013-04-03

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2013-04-03

fortune tellers
The U.S. economy regularly improves between October and April, this year additionally fueled by "unlimited" quantitative easing, weaker gas prices and higher competitiveness thanks to a stronger Chinese yuan and weaker Asian economies.   Update 2013: The Case-Shiller index continued to climb in April 2013; it became clear that this year the "Sell in May" …

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Global Purchasing Manager Indices, Update January 25

2013-01-26

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2013-01-26

Global PMIs December 3, 2012
Manufacturing PMIs are considered to be the leading and most important economic indicators.  After a strong slowing in summer 2012 and the Fed’s QE3, this is the fourth month of improvements in global PMIs   January 25th Expansion-contraction ratio: There are 15 countries that show values above 50 and 14 with values under 50. Positive-negative-change ratio: …

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Global Purchasing Manager Indices, Update December 17

2012-12-20

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2012-12-20

Global PMIs December 3, 2012
Manufacturing PMIs are considered to be the leading and most important economic indicators.  Since the Fed’s QE3, this is the third month of improvements in global PMIs after a strong slowing in summer 2012.   January 25th Expansion-contraction ratio: There are as many countries that show values above 50 as under 50. Positive-negative-change ratio: 18 countries …

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Global Purchasing Manager Indices, Update December 10

2012-11-12

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2012-11-12

Global PMIs December 3, 2012
  Manufacturing PMIs are considered to be the most leading and important economic indicators. Jim O’Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the world.  BlackRock’s Russ Koesterich thinks it’s one of the most underrated indicators. Global Purchasing Manager Indices for the manufacturing industry   December 3, 2012 …

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