Results for PMI
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Dollar Slump Halted as Stocks and Bonds Retreat

October 05, 2022
Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15. The US 10-year yield has fallen by 45 bp in the past five sessions. Yet,…
Dollar Slump Halted as Stocks and Bonds Retreat Dollar Slump Halted as Stocks and Bonds Retreat Reviewed by Marc Chandler on October 05, 2022 Rating: 5
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The Week Ahead: Dollar Bulls Still in Charge

August 27, 2022
The poor preliminary PMI readings, the ongoing European energy crisis, and the recognized commitment of most major central banks to rein in prices through tighter financial conditions are risking a broad recession. These considerations are weighing on sentiment and shaping the investment climate. Most high-frequency data due in the days ahead will…
The Week Ahead: Dollar Bulls Still in Charge The Week Ahead: Dollar Bulls Still in Charge Reviewed by Marc Chandler on August 27, 2022 Rating: 5
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Surging Energy Prices Pushing Europe Closer to Recession

August 23, 2022
Overview:  The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low.  Rather than a "Turn Around Tuesday"  a broadly consolidative session is unfolding. Asian and European equities are weaker, while US futures are positive but little changed.  Benchmark 10-year bond yields …
Surging Energy Prices Pushing Europe Closer to Recession Surging Energy Prices Pushing Europe Closer to Recession Reviewed by Marc Chandler on August 23, 2022 Rating: 5
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Flash PMI, Jackson Hole, and the Price Action

August 20, 2022
For many, this will be the last week of the summer. However, in an unusual twist of the calendar, the US August employment report will be released on September 2, the end of the following week, rather than after the US Labor Day holiday (September 5).  The main economic report of the week ahead will be the preliminary estimate of the August PMI. T…
Flash PMI, Jackson Hole, and the Price Action Flash PMI, Jackson Hole, and the Price Action Reviewed by Marc Chandler on August 20, 2022 Rating: 5
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Market Takes China's Response in Stride, Risk Appetites Recover

August 03, 2022
Overview: The market is judging China's response to Speaker Pelosi's visit in a mild way and risk appetites returned. Equity markets are higher, even though Chinese shares weakened. Europe's Stoxx 600 is edging higher after two days of small loses, and US futures enjoy a firmer bias. The surge in US rates yesterday has calmed. The US 1…
Market Takes China's Response in Stride, Risk Appetites Recover Market Takes China's Response in Stride, Risk Appetites Recover Reviewed by Marc Chandler on August 03, 2022 Rating: 5
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Yen Squeeze Continues

August 01, 2022
Overview: The US dollar begins the new month better offered. It is softer against all the major currencies. Short yen positions continue to get unwound, which is leading the move, followed  by the Antipodeans, where the Reserve Bank of Australia is expected to hike rates tomorrow. Most emerging market currencies are firmer too, except for a few As…
Yen Squeeze Continues Yen Squeeze Continues Reviewed by Marc Chandler on August 01, 2022 Rating: 5
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Macro and Prices

July 30, 2022
Next week, there are three big events:  the US jobs report, the Reserve Bank of Australia meeting, and the Bank of England's meeting. That said, the final PMI readings may be more helpful this time than we often see because of how quickly it appears activity has stalled. After we review the likely highlights and share a few other observations,…
Macro and Prices Macro and Prices Reviewed by Marc Chandler on July 30, 2022 Rating: 5
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