Category: ICYMI
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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ICYMI – Goldman Sachs raised their Q3 US GDP estimate to 2.7% (q/q annualized), from 2.5%
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ICYMI – the J.P. Morgan Global Manufacturing PMI fell to 49.7 in July from 50.8 in June
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The latest JPM Global Manufacturing PMI was released on Thursday, falling below 50 in July, indicating a return to contraction. JPMorgan’s global manufacturing PMI fell to 49.7 in July from 50.8 in June. First contraction in 2024 so far, ending 6-month expansion streak Output growth slowed sharply, and new orders…
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ICYMI – Fed’s Beige Book eyes growth slowing, consumers tightening belts
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From the ForexLive Dictionary: The Beige Book is a report published by the Federal Reserve eight times a year that provides an overview of economic conditions in each of the 12 districts monitored by the Federal Reserve. The report is prepared using information from the Fed’s business contacts, economists, and…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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ICYMI: Swiss National Bank Chair Jordan ready “to intervene in FX market” if necessary
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Swiss National Bank President Thomas Jordan spoke in an interview published by Le Temps newspaper on Friday. It was Adam who made the headlines. In case you missed it, Jordan had specific comments regarding the Swiss franc: The Swiss franc can be significantly affected by political uncertainty both within Europe…
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ICYMI: Goolsbee says it’s worth wondering where we are on our restrictiveness scale
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Highlights what ‘appears to be a cooling in consumer spending’ It is worth asking where we are on our restriction scale If we get more ‘months’ like the last one in terms of inflation, coupled with more weak data, you’ll have to start wondering where we should be on interest…
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ICYMI – BOJ data suggests significant additional yen-buying intervention this week
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…