US Jobs_Wage growth

The ISM’s manufacturing and non-manufacturing PMI’s, released earlier this week, suggest that while the activity in both the sectors has improved from a month ago, the employment sub-indexes painted a mixed picture. The ISM’s manufacturing data showed that the employment index rose to 57.2, compared to 53.5 in May. But the non-manufacturing dat...

2017-07-26 John Benjamin Read more
Jobs Reports

The last trading day of the week comes with many economic releases in Europe and the US. However, we will focus on the figures that will be out from the US, which likely to have the biggest impact on the markets ahead of the weekend. Today, we wait for the first Jobs Report under the new administration in the US. Whatever the figures are, Donal...

2017-02-03 Nour Eldeen Al-Hammoury Read more
ISM_Non manufacturing_0610

ISM Non Manufacturing Biggest Monthly Increase On Record Having fallen back to 51.4 in August, a level which has historically signalled a forthcoming recession, the ISM Non- Manufacturing Index recovered in September to print 57.1 – marking the best level in almost a year and the highest month on month increase in the survey’s history. [ca...

2016-10-06 James Harte Read more
Dollar majors_Fed rate hike

Expectations of a US Fed funds rate hike in September hit a roadblock this week after the ISM non-manufacturing PMI disappointed. After the August payrolls report came out softer than expected, whatever little hopes of optimism that remained was washed out after the US services activity hit a six-year low. The US dollar fell to a 7-day low on T...

2016-09-09 John Benjamin Read more
RBA

Market Summary RBA maintains interest rate at 1.50% in August Australia trade deficit points to a stronger Q2 GDP growth BoJ officials keep markets guessing on next policy move Switzerland GDP advances more than expected in Q2, 2016 Eurozone Q2 GDP confirmed at 0.30% ISM non-manufacturing index falls 4.1 points to 51.4 in A...

2016-09-06 John Benjamin Read more
pound on flag

The markets opened on a quiet note this week with the US markets closed on account of the Independence Day holiday. Trading was fairly quiet on Monday, with a focus on Australia. The weekend elections saw no clear winner emerge, quickly prompting ratings agencies to swoop down with warnings. Standard and Poors Global ratings said that the Austra...

2016-07-08 John Benjamin Read more
FOMC rate hike_dollar

The meeting minutes from the June 14/15 FOMC policy meeting showed a cautious approach in the Fed's outlook on the US rate hike decision. Policy makers said that US interest rate hikes should be put on hold until a clearer picture emerged on the outcome of the Brexit verdict. The meeting which took place ahead of the UK referendum vote made man...

2016-07-07 John Benjamin Read more