Caixin / S&P Global Services PMI for July is a beat and an improved 54.1 and a seventh consecutive month of expansion expected 52.5, prior 53.9 The Composite, however, is down from June at 51.9 “In terms of policies, the top priorities should still be guaranteeing employment, stabilizing expectations and increasing household income,” said Wang
USD/CAD ANLAYSIS & TALKING POINTS BoC looks to economic data for guidance. Canadian and US manufacturing in focus today. Rising wedge gives hope to CAD bulls. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROP The Canadian dollar
That’s an extremely poor reading as Swiss manufacturing activity slumped heavily to start Q3. The reading is the lowest since April 2009 as production fell sharply alongside purchasing volume. That comes despite a fall in purchase prices and shorter delivery times. That’s not a good sign at all. لینک منبع : هوشمند نیوز
The latest from the Australian Industry Group is dour reading. Link here for more, but in summary: Key findings The Ai Group Australian Industry Index indicated contracting conditions in June, for the fifteen months since the start of the current interest rate rising cycle. The Australian PMI indicator fell to -25.6, indicating contractionary conditions in
Prior was 46.3 Despite a sharp fall in backlogs of work as new orders dropped, companies expanded employment at a faster rate amid greater confidence in the outlook for output. New export orders fell for the fourteenth month running There was no change from the preliminary reading. The ISM number at the top of the
It’s a mild revision higher to the initial estimate but it still marks a seven-month low for the UK manufacturing PMI. Output and new orders are both seen falling at faster rates as demand conditions falter. HCOB notes that: “July saw a deepening of the UK’s manufacturing downturn. Output fell at the quickest pace since
Share: EUR/USD remains sidelined after reversing Friday’s corrective bounce off three-week low the previous day. Upbeat Eurozone data jostles with fresh challenges to risk to test Euro bears. Final readings of Germany’s HCOB Manufacturing PMI, US S&P Global PMIs and ISM Manufacturing PMI for July will be in focus. Retreat in hawkish Fed
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Share: Oil prices aim to deliver the biggest monthly close of the year as interest rates from global central banks will peak sooner. Overall demand for oil will remain upbeat in the US economy as fears of a recession fade. WTI prices delivered a breakout of the Descending Triangle chart pattern. West Texas
MON: Japanese Retail Sales (Jun), Chinese Official PMI (Jul), German Flash GDP (Q2), New Zealand Labour CostIndex (Q2) TUE: RBA Announcement, Chinese Caixin Manufacturing Final PMI (Jul), German/EZ Unemployment Rates (Jul), EZ/UK/US Final Manufacturing PMIs (Jul), US ISM Manufacturing PMI (Jul), New Zealand Jobs Report (Q2) WED: BCB Announcement, US ADP Employment (Jul) THU: BoE
