Analysts at Nomura not that in the US, the Philadelphia Fed business index fell to 19.9 in June, below expectations (Nomura and Consensus: 29.0), from 34.4 in May. Key Quotes “The shipment index rose about 3pp to 28.7, implying healthy activity in the current month. However, the index for new orders declined notably, down 23pp to 17.9, and the index for backlogged orders declined. These readings suggest some softening in momentum.” “The Philly Fed survey stands in contrast to the Empire State survey, which indicated improved activity despite trade concerns. However, given that, in our view, the trade outlook worsened last week, some of the discrepancy between the two surveys could involve the relative time over which they were conducted, with the Empire State survey being released last week. While current activity appears to be strong, some of the trade concerns may have been reflected in forward-looking indicators.” 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 NZ: Net migration inflows lifted to 5,090 in May – ANZ FX Street 3 years Analysts at Nomura not that in the US, the Philadelphia Fed business index fell to 19.9 in June, below expectations (Nomura and Consensus: 29.0), from 34.4 in May. Key Quotes "The shipment index rose about 3pp to 28.7, implying healthy activity in the current month. However, the index for new orders declined notably, down 23pp to 17.9, and the index for backlogged orders declined. These readings suggest some softening in momentum." "The Philly Fed survey stands in contrast to the Empire State survey, which indicated improved activity despite trade concerns. However, given that, in our view, the trade outlook worsened… Top 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.
