The Caixin/S&P Global services PMI for August stood at 55.0 points compared to 55.5 the previous monthwhich shows that the growth of the country’s service sector activity slowed down in the reported month. August survey data suggests that the rally was supported by a strong increase in global saleswhile companies reported a higher number of […]
Tag: PMI
AUD/USD falls below 0.6800 ahead of US NFPs.
AUD/USD is still trading in the red, currently down 1.90%. Global factory activity slowed, with the exception of the US, which remains in expansion territory. AUD/USD: Could form an inverse head and shoulders if buyers keep prices above 0.6881; otherwise 0.6402 is the next target. On Thursday, the AUD/USD fell to seven-week lows amid a […]
EUR/USD crashes below 0.9920
EUR/USD plummets almost 1% after encouraging US economic data. The US manufacturing PMI shows that the US economy remains in expansion territory. The money market futures odds of a 75 basis point rate hike by the Fed stand at 75%. The EUR/USD breaks below parity, extending losses after hitting a weekly high of 1.0079 on […]
US: Manufacturing PMI at lowest level since July 2020
US manufacturing activity slowed further in August as the economy continues to grapple with the shocks of a rally in inflation and aggressive rate hikes by the Federal Reserve. In particular, the manufacturing PMI fell to 51.5 points in August, slightly better than the initial reading of 51.3 points, but lower than the reading of […]
When is the US Manufacturing PMI released and how could it affect EUR/USD?
US Manufacturing PMI Outlook The Institute of Supply Management (ISM) will publish this Thursday, at 14:00 GMT, the result of its latest survey of manufacturing companies, also known as the ISM Manufacturing PMI. The index is expected to have dropped to 52 in August, down from 52.8 the previous month. The indicator will provide a […]
Eurozone: At the lowest level since June 2020 the manufacturing PMI
European manufacturing activity continued to contract in August, with the relevant PMI falling to a 26-month low, as the inflation rally continues to weigh on demand. In particular, the S&P Global manufacturing PMI for the Eurozone fell in August to 49.6 points from 49.8 points, widening its distance from the 50 point level that separates […]
S&P Global: Plunge in manufacturing output in Greece in August
S&P Global records the sharpest output decline since December 2020 for the Greek manufacturing sector as inflation weighs on customer demand. A moderate deterioration in operating conditions across the Greek manufacturing sector was observed in August, according to the latest PMI® survey data from S&P Global. The overall decline came from the sharp reduction in […]
German and Eurozone manufacturing PMI data disappoint in August and remain in contraction territory
The German manufacturing PMI fell two tenths in August, falling to 49.1 points from the previous 49.3, placing it for the second consecutive month in contraction territory. In addition, the indicator disappointed market expectations, which expected an increase to 49.8 points. The August figure is the weakest seen in 26 monthsspecifically since June 2020. According […]
China: Caixin Manufacturing PMI enters contraction territory in August
The Caixin’s Chinese manufacturing PMI has fallen nine tenths in August, standing at 49.5 points after posting 50.4 in July. The result improves market expectations, whose consensus expected a slight decline, to 50.2 points. The indicator enters contraction territory, falling to 49.5 points and obtaining its worst figure in three months. According to him Dr […]
USD/JPY remains around 138.60 ahead of US NFP figures.
USD/JPY remains in a tight range as traders prepare for the August NFPs in the US. The US ADP employment change disappointed, but the Chicago PMI beat estimates. The Bank of Japan will carry out 10-year JGB note buying operations in September, further confirming its dovish stance. The USD/JPY is unable to reach a new […]