PMI

The non-manufacturing component of the ISM survey has taken on a starring role as traders try to understand how much of an effect covid is having on the economy. Particularly the autumn readings. The hope is that the second wave of covid…

Chinese officials are reportedly discussing the possibility of cutting the country's GDP growth projections to as little as 5% annual over the next five years. Officials could make the announcement either during or after the fourth…

The US dollar has been losing ground the last several days thanks to a combination of factors. There is a chance that the trend could continue after the avalanche of data this week. Improving risk sentiment naturally weighs on the…

This time around, it might just be that the non-manufacturing PMIs are more important than the manufacturing ones. The coronavirus pandemic has affected the whole economy, of course. However, retailers bore the brunt of the economic…

Last Week’s Highlights US home sales fell by 9.7% in May The monthly home sales report from the United States saw a 9.7% decline in May. This came despite interest rates staying at record lows. Existing home sales fell by 3.91 million…