UK Manufacturing

Two separate gauges of U.S. activity, measured across manufacturing and non-manufacturing sectors showed a moderation in March after posting steady gains previously. The Institute of Supply Management’s manufacturing PMI was registered at 57.2 in March, down from 57.7 in February while the non-manufacturing PMI was registered at 55.2, down from...

2017-04-06 John Benjamin Read more
USA

Capital Expenditure Remains Weak Soft business investment has been a consistent challenge for monetary policymakers this year.  Fed Chair Janet Yellen noted in June that the decline in capital spending might indicate a desire of firms to expand operations at a slower pace. Indeed, the last four FOMC statement have recorded “soft” business fix...

2016-09-08 James Harte Read more
US Dollar Index

The US dollar opened the week on a firm footing after last Friday's speech from Janet Yellen sparked a bullish rally in the greenback. With rate hike expectations brought forward, for as early as the FOMC meeting in late September, the US dollar managed to maintain the momentum. Monday was largely quiet. The UK markets were closed on account of...

2016-09-02 John Benjamin Read more
Australian Dollar_AUD

Australian first quarter GDP beat estimates, rising 1.10% on the quarter with the year over year GDP recorded at 3.10%. UK manufacturing PMI rebounds in May, rising back above 50 and US ISM Manufacturing PMI expands to 51.3 in May. Today’s Economic events Australia AIG Manufacturing Index 51.0 vs. 53.4 Japan capital spending q/y 4.20% v...

2016-06-01 John Benjamin Read more
Gold_Orbex

It was a quiet trading day but the trends persisted with Gold touching January 2015 highs of $1300 while EURUSD was short a few pips at 1.150. Yen remained stronger on the day. Today’s Economic events Australia AIG manufacturing index 53.4 vs. 58.1 previously Australia MI inflation gauge m/m 0.10% vs. 0.0% previously Australia NAB...

2016-05-02 John Benjamin Read more