New Year Begins with a Whimper Courtesy of ISM Manufacturing
New Year Begins with a Whimper Courtesy of ISM ManufacturingThe U.S. ISM Manufacturing index for December hit just 32.4, the weakest level since 1980 Production, new orders, backlog of orders, and employment all declined significantly The manufacturing sector appears set to remain a significant drag on the U.S. economy
The U.S. ISM Manufacturing index for December […]
Manufacturing Data Grim to End 2008, but Stocks and Risk Appetite Rally
Manufacturing Data Grim to End 2008, but Stocks and Risk Appetite Rally
AUS Manufacturing PMI Increases Slightly, Though in 7th Month of Contraction
We begin with data from Australia where the country’s manufacturing sector contracted for a seventh consecutive month in December. The manufacturing PMI increased 1 point to 33.7 in December, but measures below 50 indicate […]
ISM Manufacturing Collapses Dollar Mixed Against Majors
ISM Manufacturing Collapses Dollar Mixed Against Majors
Despite extremely weak economic data to open the New Year, the dollar managed to gain against some of the majors. The EurUsd dropped over 180pips to mid range of 1.38, while the UsdJpy surged 150pips trading through previous resistance of 92. The GbpUsd fell 165pips to the low 1.45 […]