Post Tagged with: "ISM Manufacturing PMI"
Forex Daily Outlook February 2 2012
Unemployment Claims in US and Construction PMI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week. More in the US, Ben
EUR/USD Feb. 1 – Starts Month Under Pressure
Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.
Forex Daily Outlook February 1 2012
ISM Manufacturing PMI in the US and Manufacturing PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us. In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Monthly Managers Survey to value the business conditions such as new orders, deliveries and inventories,
Forex Weekly Outlook Jan. 30- Feb. 3
The US dollar made a big retreat for a second week in a row. Will it continue falling? The Non-Farm Payrolls release is the highlight of a very busy week, which includes many figures from the US . Here is an outlook on the main market-movers coming our way. Ben Bernanke weakened the dollar with
A weak commitment from the Fed
There was no great surprise last night with the Fed’s decision to start publishing forecasts for the policy rate. This will be included in the regular summary of economic projections from the board members, the next one due at the end of this month. The Fed has already made a commitment to keeping rates steady
ISM Manufacturing PMI Provides Hope for NFP
The US ISM Manufacturing PMI scored 53.9 points. The employment component rose from 51.8 to 55.1 points. This indicates faster growth and is a positive sign for the Non-Farm Payrolls. Early expectations stood on a rise to 53.3 points from 52.7 points initially reported for November. The New Orders component ticked up to 57.6 points,
USD/JPY: Trading the US ISM Manufacturing PMI
The Manufacturing PMI (Purchasing Managers’ Index) is an important leading indicator which focuses on the manufacturing sector. As this index is released at the beginning of each month, analysts and traders closely examine the index for any hint of a market trend. A reading which is higher than the market forecast is bullish for the dollar. Here
Forex Daily Outlook January 3 2012
ISM Manufacturing PMI in the US and Manufacturing PMI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) Meeting Minutes, Planned 8 times per year, full record of the latest FOMC’s meeting and shows the influential financial conditions on the interest
Forex Weekly Outlook January 2-6 2012
The dollar edged up in the last week of 2011. US employment data is the highlight of the opening week of 2012, among many other US figures. Trading volume is expected to return to normal after the holiday break. Here is an outlook on the major events at hand. Last week the EUR/USD plunged to
Forex Daily Outlook December 1 2011
US Unemployment Claims and US ISM Manufacturing PMI are the main events today. Here is an outlook on the market-movers awaiting us In the US, Unemployment Claims measuring the number of Americans filing initial claims for unemployment increased by 2,000 last week to 393,000 while expected to drop to 389,000 indicating a relative stability in