Data released today showed the ISM manufacturing index dropped from 51.7 to 51.2. According to Kjetil Olsen, Chief Economist at Nordea Markets, the numbers from today’s ISM report will not persuade the Federal Reserve to think different about monetary policy going forward. Key Quotes: “The drop was almost in full explained by a drop in both the production index and the employment index. The more forward-looking new orders index was actually slightly up, and the new orders minus inventories series give hopes for a stabilisation in the near term.” “Global weakness and uncertainty around trade was an important reason for Feds rate cut yesterday. In sum therefore, todays numbers will not persuade the FOMC to think different about monetary policy gong forward.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD with room to decline near term – NBF FX Street 4 years Data released today showed the ISM manufacturing index dropped from 51.7 to 51.2. According to Kjetil Olsen, Chief Economist at Nordea Markets, the numbers from today's ISM report will not persuade the Federal Reserve to think different about monetary policy going forward. Key Quotes: "The drop was almost in full explained by a drop in both the production index and the employment index. The more forward-looking new orders index was actually slightly up, and the new orders minus inventories series give hopes for a stabilisation in the near term." "Global weakness and uncertainty around trade was an important… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
