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👤Lisa Harris
🕔September 2, 2016
The U.S. factory sector showed some contraction in August, highlighting manufacturers’ struggles and a broader drag on the economy from weak business spending and an uncertain global outlook. The Institute for Supply Management’s (ISM) index of manufacturing activity fell to 49.4 in August from 52.6 in July.…
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👤Nurudeen Amedu
🕔September 2, 2016
There was a decline in the most recent RBC Markit Canadian manufacturing PMI index figures as it fell from 51.9 reported in July to 51.1 for the month August, this was its lowest reading in six months. Despite the fact that the figures still signify expansion, its shortcomings will spur disappointment in the market, mostly due to the slump in export orders in the current month.…
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Fundamental and Technical Outlook: EUR/GBP
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👤Xinyang
🕔September 2, 2016
Fundamental Outlook: EUR/GBP
There was no tier 1 data or news of note during today’s Asia-Pacific session. As such price action in most currency pairs has been rather uneventful which is likely to remain the case as participants await today’s US employment report later in today’s New York session.…
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👤Xinyang
🕔September 2, 2016
News Event
From Trading Economics: The Institute for Supply Management’s Manufacturing (ISM) PMI came in at 49.4 in August of 2016, down from 52.6 in July. The figure came much worse than market expectations of 52, reaching the lowest in seven months, as new orders, production and employment all contracted.…
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👤Lisa Harris
🕔September 1, 2016
Crude oil is getting hammered after the latest inventory data from the Department of Energy showed a larger than expected build in crude oil stocks. West Texas Intermediate crude oil is lower by 3.7% almost at $44.60 per barrel, and is trading at its lowest level since August 15.…
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Australian Retail Sales Show Slowing in July
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👤Nurudeen Amedu
🕔September 1, 2016
Australian retail sales for the month of July has shown no growth as it flat lined for the first time since 5 months, this report reveals a strong deceleration in the Australian economy since the beginning of the third quarter. The Australian Bureau of Statistics reported on Thursday that retail sales came in unchanged for July after a 0.1% rise in the month of June.…
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China Caixin Factory Activity Stalls in August at 50.0
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👤Xinyang
🕔September 1, 2016
News Event
From Trading Economics: The Caixin Manufacturing PMI in China stood at 50.0 in August 2016, down from 50.6 in July while market expected 50.1. While output and new orders eased, employment fell and backlog of work rose further. Meanwhile, both input costs and prices charged went up at weaker pace.…
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