PMI

Given the situation in global supply chains, PMI data has returned to focus. Businesses are increasingly reporting difficulties in obtaining supplies. This translates into lower profits and slower economic growth. Purchasing managers are…
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The eurozone's better than expected services PMI could suggest that the European economy is on track for growth. The services sector, of course, suffered the most from covid, and its recovery would be a strong sign of improvement over…
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As the first day of the month, tomorrow sees the release of PMI data from across the world. Heading into the weekend with China closed for a holiday, we could have some extra volatility in pretty much every currency pair. After the…
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Tomorrow we could see some choppiness in the euro pairs as we have the successive release of Market's flash PMIs from three major regions in Europe: France, Germany, and the UK. Then, the aggregate for the eurozone. It's just the…
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Tomorrow we have the release of a series of key European economic data that has a habit of changing the direction of the market. Given the recent events surrounding the coronavirus, investors are going to be especially keen to get the…
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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…
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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…
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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…
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