The ISM Services PMI fell in June but beat market expectations. The DXY dollar index is trading at its highest level in nearly two decades above 107.00. The ISM services PMI fell to 55.3 points in June from 55.9 in May, showing that business activity in the services sector expanded at a slightly lower rate. […]
Tag: PMI
US: S&P Global Services PMI falls to 52.7 (final) in June
S&P Global Services PMI in the US falls modestly in June. The DXY dollar index is holding on to strong daily gains near 107.00. Business activity in the US services sector expanded at a softer pace in June that in May, with the S&P Global services PMI falling to 52.7 points (final) from 53.4 in […]
Eurozone: Integrated PMI falls to sixteen-month lows in June
indicator Eurozone integrated PMI has fallen to 52 points in June from 54.8 in May, reaching its lowest level in sixteen monthsspecifically since February 2021. The result, however, improves by one tenth the 51.9 points estimated by the market consensus. The index Services PMI S&P Global for the euro zone has also fallen, standing at […]
Canada S&P Global Manufacturing PMI falls to 54.6 in June vs. 56.6 forecast
Canada’s S&P Global Manufacturing PMI disappointed market expectations in June. The USD/CAD pair is still trading slightly above 1.2850 after the data. Business activity in Canada’s manufacturing sector expanded at a softer pace in June than in May, with Canada’s S&P Global Manufacturing PMI falling to 54.6 from 56.8. This data was weaker than the […]
US: S&P Global Manufacturing PMI falls to 52.7 in June vs. 52.4 expected
The US S&P Global Manufacturing PMI fell to 52.7 in June. Data implied an upward revision of the previous estimate of 52.4. The US Global Manufacturing PMI it fell to its lowest level since July 2020, standing at 52.7 in June, down from 57 in May. This data was slightly better than market expectations and […]
US: June manufacturing PMI at a two-year low
US manufacturing activity slowed significantly in July, with the related S&P Global PMI falling to a two-year low as inflationary pressures and disruptions to global supply chains continue to weigh on the US economy. In particular, the manufacturing PMI fell to its lowest level since July 2020, slipping to 52.7 points from 57.0 points in […]
EUR/USD falls as sellers pile in, awaiting a break below 1.0500 after dismal US PMI
S&P global PMIs showed that the US economy is expanding at a slower pace. Worse than expected Eurozone PMIs stumbled EUR/USD to daily lows below 1.0500. The Fed’s Powell was reluctant to cut interest rates when asked in the US House of Representatives. The EUR/USD falls for the first time this week, down 0.30%, courtesy […]
The S&P 500 opens with gains and recovers 3,770 on Powell’s second day in Congress
US stock indices recover some ground after recording minimal losses on Wednesday. S&P Global PMIs disappointed expectations, dragging stocks lower. The Nasdaq Composite leads the declines, followed by the S&P 500 and the Dow Jones. USD recovers some ground, although US Treasury yields fall as traders back down on hawkish Fed. US stocks opened higher […]
US: Rapid slowdown in economic growth in June
The US economy grew rapidly in June, with manufacturing output shrinking, according to data released today by S&P Global. In particular, the composite PMI for business as a whole in manufacturing and services fell to a five-month low of 51.2 points from 53.6 points in May, according to initial data from S&P Global. The services […]
GBP/USD recovers early lost ground and climbs back above 1.2255
GBP/USD found decent support ahead of the weekly low following the release of UK PMIs. The strength of the crosses, derived from the fall of the EUR/GBP, further benefited the GBP. Aggressive expectations from the Fed continued to act as a tailwind for the dollar and could cap the pair. The pair GBP/USD attracted some […]
