[ad_1] Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding on Friday with the DXY index, which measures the value
[ad_1] Share: US S&P Global Composite PMI held steady at 50.7 in November’s flash estimate. US Dollar Index stays in negative territory at around 103.50. The economic activity in the US private sector continued to expand at a modest pace in early November, with S&P Global Composite PMI holding steady at 50.7. The
[ad_1] High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do
[ad_1] The bulk in the +55K gain in jobs was part-time, which will take some of the heat out the headline. Nevertheless it points to still strong demand for labour and keeps wage pressures on the simmer. Unemployment rate 3.7% as expected, despite a higher participation rate It won;t be long until thoughts turn to
[ad_1] OCTOBER US INFLATION KEY POINTS: October U.S. inflation clocks in at 0.0% month-over-month, bringing the 12-month reading to 3.2% from 3.7% previously, one-tenth of a percent below expectations in both cases Core CPI increases 0.2 % m-o-m and 4.2 % y-o-y, also below estimates Lower than expected inflation numbers will give the Fed cover
[ad_1] Nasdaq daily The Nasdaq has extended gains to 1.7% and broken the October high in the process. The rally is particularly impressive given that Treasury yields are in the process of reversing higher. US 2-year yields are at the highs of the day up 3.2 bps to 5.05% after falling as low as 4.97%
[ad_1] Share: The Business NZ Performance of Manufacturing Index (PMI), also known as the New Zealand Manufacturing PMI came in at 42.5 in October from September’s print of 45.3. “Today’s PMI is not a good look for GDP and employment growth. Our GDP forecasts already include a decline in the manufacturing sector in