Category: ISM
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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Dollar steady ahead of ISM release, key labor market data By Investing.com
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The US dollar steadied on Tuesday as investors looked ahead to key economic data, including US payrolls data on Friday, which could bolster an interest rate cut by the Federal Reserve later this month. At 04:05 ET (09:05 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar steady ahead of ISM release, key labor market data By Investing.com
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The US dollar steadied on Tuesday as investors looked ahead to key economic data, including US payrolls data on Friday, which could bolster an interest rate cut by the Federal Reserve later this month. At 04:05 ET (09:05 GMT), the dollar index, which tracks the greenback against a basket of…
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The August ISM manufacturing index is due on Tuesday
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ISM Manufacturing US markets are closed on Monday for Labor Day but will be back in action on Tuesday with some important economic data. The highlight is the August ISM Manufacturing Index at 10 a.m. ET. In July, the survey results were disappointing, falling to 46.8 points compared to the…
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Newsquawk Week Ahead: Highlights include FOMC, BoJ, NFP, BoE, ISM Mfg. PMI and OPEC+ JMMC
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Mon: Chinese Industrial Profit (Jun) Tue: Japanese Unemployment Rate (Jun), Australian Building Approvals (Jun), Spanish Flash CPI (Jul), Swiss KoF (Jul), German GDP (Q2), Prelim. CPI (Jul), EZ Consumer Confidence Final (Jul), US JOLTS (Jun) Wed: FOMC Announcement, BoJ Announcement and Outlook Report, BCB Announcement; Chinese NBS PMI (Jul), Australian…
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U.S. ISM Manufacturing PMI Contracted At A Faster Pace In June
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Data released by the Institute for Supply Management showed that the US manufacturing sector recorded a contractionary reading of 48.5 points for the month of June. This is lower than the expected reading of 49.2 points and the index number in May of 48.7 points! In fact, the June PMI…
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US dollar bounces right back after ISM dip
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USD/JPY 10 minutes The US dollar fell on weak ISM manufacturing, but it bounced back strongly. Fuel is coming from the bond market, where 10-year Treasury yields are now up 12 basis points on the day and more than 20 basis points since their lows after Friday’s personal consumer spending…
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Newsquawk Week Ahead: French & UK elections, US ISM & NFP, EZ CPI, FOMC Minutes
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Sun: French Parliamentary Election Mon: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June) Tue: RBA Minutes (June), Australian & Canadian Manufacturing PMI Final (June), EZ Flash CPI (June), Unemployment Rate (May), US JOLTS…
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US ISM Services PMI for May due Wednesday, the ranges of estimates (ADP jobs number too)
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The average consensus estimate for the US ISM Services PMI is 50.5, as can be seen in the screenshot below, from the ForexLive Economic Data Calendar, Access it here. I saw Reuters with its forecast at 50.8. Data outcomes that fall outside of market low and high expectations tend to…
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U.S. ISM Manufacturing PMI Surprised With a Deeper Contraction in May
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The latest round of US manufacturing PMI releases showed a mixed picture, with S&P Global revising its preliminary readings higher while the closely watched ISM PMI showed a deeper contraction than markets expected: S&P Global’s final manufacturing PMI jumped from 50.0 to 51.3 in May (vs. initial 50.9 reading) ISM…
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US ISM PMI data due Monday, the range of estimates (& why they’re crucial to know)
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The S&P Purchasing Managers’ Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus average (“expected” in the screenshot above) for the ISM data point,…
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It’s going to a be a dull market until the US NFP and ISM Services PMI
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There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in the big picture, nothing has changed We…