The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the release of the PMI’s, Markit forecasts that the UK’s economy might have averaged around 0.4% in the three month...
On Sunday of last week, the Bank of Japan’s quarterly tankan manufacturing and non-manufacturing survey data was released. Covering the period of the first quarter, data showed that confidence among the larger manufacturing firms in Japan weakened for the first time in two years. The decline in confidence came as investors remained cautious o...
In what could be signs of a sluggish close to the second quarter GDP, the latest manufacturing, construction and industrial production numbers painted a grim picture on the economy. Manufacturing activity in the UK stagnated in June led by a decline in vehicle production which fell 6.7%, marking the biggest decline since 2013, data from the UK’...
The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...
After two days that were lacking fundamentals across the board, all eyes will be headed toward the European session ahead as we await a collection of economic releases from most European countries. This is set to have a notable impact on the markets ahead of the key event later tonight from the US – FOMC Meeting Minutes. In this article, we will...
During the upcoming European and US session today, many economic figures will be released and are expected to have a notable impact on the markets. In today’s article, we will focus on the Manufacturing PMI data; what it is, how it's read, what matters the most and how its possible impact on the markets can be understood. Definition Manufactu...
What is Manufacturing PMI? It is called the Purchasing Managers Index, which is considered a leading indicator of the economic health of the manufacturing sector. It measures the level of a diffusion index based on purchasing managers in the manufacturing industry. How is it Calculated? It is calculated by a survey distributed to about 400 ...
The US dollar saw another week of strong declines with the Fed leaving monetary policy unchanged and economic data from the US showing a weaker pace of growth in the first quarter, with the GDP rising 0.50%. Monthly economic data was also weak with durable goods orders showing a lesser than expected pace of growth. Only next to the US dollar was...
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