ISM

Prior was 49.1Details:Prices paid 52.5 vs 52.9 priorEmployment 45.9 vs 47.1 priorNew orders 49.2 vs 52.5 priorInventories 45.3 vs 46.2 priorProduction 48.4 vs 50.4 priorThis is a big surprise, especially after a strong S&P…

Mon: US New Home Sales (Jan), Dallas Fed (Feb), Japanese CPI (Jan), UK Nationwide (Feb)Tue: US Democratic Primary - Michigan; German GfK (Mar), US Durable Goods (Jan), Consumer Confidence (Feb), Richmond Fed (Feb)Wed: RBNZ Policy…

Week Ahead 5th-9th FebruaryMon: Japanese Jibun Final Composite/Services PMI (Jan), Chinese Caixin Final Services PMI (Jan), German TradeBalance (Dec), EZ/UK/US Final Composite/Services PMI (Jan), US ISM Services PMI (Jan)Tue: RBA Policy…

Sun: New Zealand Trade BalanceMon: Japanese Unemployment (Dec)Tue: Israel Municipal Elections; Spanish Flash CPI (Jan), Swiss KOF (Jan), German Flash GDP (Q4), EZ Flash GDP (Q4), EZ Consumer Confidence Final (Dec), US Home Prices (Nov),…

The US dollar has turned around in a big way following the earlier non-farm payrolls data. Cable is now at the highs of 2024, up 87 pips to 1.2764 after falling as low as 1.2612 following the US jobs report.GBPUSD 1 hourOther markets are…

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Prior report 46.7Prices paid 49.9 vs 45.1 priorEmployment 45.8 vs 46.8 priorNew orders 48.3 vs 45.5 priorInventories 44.8 vs 43.3 priorProduction 48.5 vs 50.4 priorThe US dollar was at the best levels of the day against the euro…

TUE: EZ M3 (Oct), US Richmond Fed (Nov).WED: RBNZ Policy Announcement; German Prelim. CPI (Nov), UK Mortgage Approvals/Lending (Oct), EZ Economic Sentiment (Nov), US GDP 2nd (Q3).THU: Chinese NBS PMIs (Nov), German Retail Sales &…

U.S. DOLLAR ANALYSIS & TALKING POINTSISM services PMI increases Fed rate hike probability.Services prices increase pushes reflation narrative.EUR/USD on the cusp of a downside breakout below 1.07. Recommended by…

Mon: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep)Tue: RBA Policy Announcement; Final Composite & Services PMIs (Aug), EZ Producer Prices (Jul), US Factory Orders (Jul)Wed: BoC Policy Announcement;…