Post Tagged with: "ISM Manufacturing PMI"
Forex Weekly Outlook Nov. 28-Dec. 2
This was the week that the euro got a very serious blow, with the failed German auction. Trouble reached the core of the core. The “safe haven” US dollar enjoyed the mess and made gains across the board. Will this continue? Non-Farm Payrolls are the highlight of this week, that also features other major US
ISM Manufacturing PMI Actually Not So Bad – Some Relief Felt
According to the headline figure, 50.8, the US manufacturing sector is growing at a slower pace than last month, and slower than expected – 52.1 points. Looking into a few components, things are significantly better. Is that what is helping the EUR/USD recover? 50.8 points is on the growth side of the 50 point equilibrium
EUR/USD Nov. 1 – Free Falls on Greek Referendum, Global Slowdown Worries
Euro dollar is free falling. The hangover from the EU Summit intensified as the Greek Prime Minister announced a referendum to approve the recent EU deal. This gamble, alongside more signs of global slowdown, weigh heavily on the common currency, which already returned to the levels last seen before the previous summit. Here’s a quick
Forex Daily Outlook – November 1 2011
US ISM Manufacturing PMI and UK housing data are the main events lined up. Let’s see what awaits us today. In the US, ISM Manufacturing PMI and important Manufacturing activity gauge, increased more than predicted to 51.6 in September after reaching 50.6 inAugust. A further rise to 52.3 is expected now. Later in the US,
Forex Weekly Outlook – Oct. 31-Nov. 4
The US dollar dropped sharply as the euphoria from Europe replaced fear. Will this continue? The upcoming week is very busy: rate decisions in the US, the euro-zone and Australia, the G-20 Meetings and Non-Farm Payrolls. Here is an outlook on the major market-movers ahead. Last week the US economy grew at an annual pace
US Manufacturing Still Growing – Risk Appetite Trading Triggered
The manufacturing sector in the US continues growing: the purchasing managers index rose to 51.6 points in September, exceeding expectations of a score of 50.5 and defying rumors of a number below 50 which represents contraction. The dollar is stronger against the Japanese yen and weaker against the euro – a classic risk appetite trade.
EUR/USD Oct. 3 – New Quarter, New Lows as Greek Plan Falls Short
Euro dollar kicked off the new week, month and quarter with fresh lows, the lowest since January. Greece approved a new budget that falls short of targets. Worries about China also push the dollar higher. We have an unusually busy calendar for a Monday, and it will only get busier later in the week. Here’s a
Forex Daily Outlook – October 3 2011
We start the week with Manufacturing PMI both in the US and the UK as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, the Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Survey (around 400 managers) to value the business conditions and inventories, drop of 0.1
Forex Weekly Outlook – October 3-7
After consolidation and correction, the tables turned in favor of the dollar once again and as a new quarter begins, the calendar is very busy. Rate decisions in the euro-zone, Britain, Australia and Japan and a grand finale with US Non-Farm Payrolls are at the top of our market-movers list this week. Here is an
US Manufacturing Escapes Contraction – EUR/USD, USD/JPY Up
ISM Manufacturing PMI slid to 50.6 points, much higher than a drop to 48.7 points that was expected. The escape from falling under 50 points means that the US manufacturing sector is still growing, and reduces the chances for QE3. EUR/USD rises on risk appetite. USD/JPY moves up. The big event is still ahead of