Tag Archive: U.S. Markit Composite PMI

The PMI monthly Composite Reports on Manufacturing and Services are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease.

FX Daily, September 06: Wake Me up when September Ends

2017-09-06

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2017-09-06

The US dollar fell to new lows since mid-2015 against the Canadian dollar yesterday. It is flattish today as the market awaits the central bank's decision. We are concerned that given the strong performance and market positioning, a rate hike could spur "buy the rumor, sell the fact" activity. Alternatively, a disappointment if the Bank does not hike could also lead to some Canadian dollar sales.

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FX Daily, August 03: Dollar-Bloc Currencies Turning, but Euro Downticks Limited

2017-08-03

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2017-08-03

The high-flying dollar-bloc currencies may be a preliminary sign market change. The US dollar is gaining on the Canadian dollar for the fourth consecutive session. It is probing resistance we identified in the $1.2620 area. The US dollar has not traded above its 20-day moving average since the Fed hiked rates on June 14. It is found today near CAD1.2625.

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FX Daily, July 06: Stocks and Bonds Mostly Heavier, while Dollar Hovers Little Changed

2017-07-06

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2017-07-06

The US dollar is narrowly mixed against the major currencies after being confined to tight ranges through the Asian session and European morning. Equities are nursing small losses, and interest rates are pushing higher. The yield on the 10-year German Bund reached 50 bp for the first time since early 2016. Oil prices have steadied after yesterday's slide.

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FX Daily, June 05: US Dollar Starts Important Week Mostly Stable to Higher

2017-06-05

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2017-06-05

The US dollar is beginning what promises to be an important week on a steady to firmer note against most of the major currencies. It is a holiday in parts of Europe (e.g.,m Germany and Switzerland). Although excitement is not until Thursday's ECB meeting, UK election, and the testimony of former US FBI Director Comey, there are several developments today to note.

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FX Daily, April 05: Dialing it Up on Hump Day

2017-04-05

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2017-04-05

he dollar is practically unchanged against the euro and yen in the first two sessions of the week. The pace can be expected to pick up starting Wednesday. Although the euro slipped through $1.0650, it was not sustained, and on Monday and Tuesday, the euro finished near its highs.

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FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike

2017-03-03

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2017-03-03

The US dollar is narrowly mixed as Yellen's speech in Chicago is awaited. The greenback's three-day advance against the euro and four-day advance against the yen is at risk. The dollar-bloc currencies, where speculators in the futures market had gone net long, continue to underperform.

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FX Daily, January 05: Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

2017-01-05

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2017-01-05

FX Performance, January 05 2017 Movers and Shakers
There are two main developments. First, the high degree of uncertainty expressed in the FOMC minutes and the repeated references to the strong dollar spurred a wave of dollar selling. The dollar retreated in Asia, but European participants saw the pullback as a new buying opportunity.

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FX Daily, December 19: EUR/CHF Dives under 1.07

2016-12-19

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2016-12-19

FX Performance, December 19 2016 Movers and Shakers
Once again a line in sand for the Swiss National Bank is broken. The EUR/CHF falls under 1.07. But trading algorithms are like this: When the EUR/USD is falling, then the EUR/CHF must follow. The SNB decided not to intervene any more at 1.07.

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FX Daily, November 25: Corrective Forces Emerge, but Underlying Trend is Evident

2016-11-25

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2016-11-25

FX Performance, November 25 2016 Movers and Shakers
The US dollar's recent gains are being trimmed today, and it is down against all the major currencies. Many emerging market currencies, including the Turkish lira, Indian rupee, and Hungarian forint are firmer today.

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FX Daily, November 03: Political Angst Drives Markets

2016-11-03

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2016-11-03

FX Performance, November 03 2016 Movers and Shakers
GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change?

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