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EUR/USD in the hands of ECB, Powell Testimony, ISM services: The Week Ahead

EUR/USD is on track for its smallest weekly range since September 2021, although 1-week implied volatility levels that we could see more action next week.

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March 1, 2024 04:38 AM
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Can US PMI surveys and employment reports sway bonds? The Week Ahead

Last week we noted that bond yields could trump economic data this week, and for the most part they did. We can also extend that comment into next week, especially if they continue to retreat and loosen their grip on bearish sentiment and allow risk assets to rebound. Highlights in next week’s calendar include the NFP and ISM PMI reports, RBA and RBNZ monetary policy meetings, the quarterly Tankan survey for Japan and Canada’s employment report.

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September 29, 2023 05:16 AM
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USD/CAD hits resistance ahead of BOC, US PMIs: European open – 06/09/2023

The Bank of Canada (BOC) are expected to hold rates at today’s meeting, given GDP unexpectedly contracted in Q2. Still, implied volatility has spiked higher for USD/CAD. Perhaps the BOC pause will not be as dovish as expected, Fed members tout a hold or the rise of bond yields (and therefore the US dollar) lose steam. If so, USD/CAD may be better for short bets beneath the April highs.

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September 6, 2023 06:25 AM

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PCE inflation, NFP and ISM manufacturing in focus: The Week Ahead – 25/08/2023

It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.

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August 27, 2023 12:13 AM
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The Week Ahead: RBA meeting, ISM surveys and Nonfarm payroll in focus

The RBA meet on Tuesday in what could be Governor Lowe’s final meeting, so will he go out with a 25bp bang of fade away with a pause? Employment data for the US includes Nonfarm payrolls, ADP and claims data, and traders also have ISM manufacturing and services reports to look forward to.

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June 30, 2023 05:00 AM

European Open: The USD is back on the ropes as ISM renews recession fears

Weak PMI and ISM data has renewed concerns of a US recession, which saw the 10-year – 3-month hit its most negative level since the 80’s.

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April 4, 2023 05:07 AM
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European Open: Swiss inflation, flash PMI and ISM manufacturing reports in focus

Oil prices have stabilised following OPEC’s surprise oil production cut, which now allows traders to switch their focus over to Swiss inflation, flash PMI and ISM reports.

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April 3, 2023 05:37 AM
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European Open: Be careful what you wish for with today’s ISM report

Depending on how you look at it, good data is not always good to see. And that’s what could make today’s ISM report the more interesting if it comes in hot.

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March 3, 2023 06:13 AM
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European Open: GBP drifts higher, ISM manufacturing and JOLTS in focus

Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.

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November 1, 2022 06:18 AM
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Gold and silver jump on weak US ISM, yields

Out of the two metals, silver was the most impressive as it jumped over 7%, the most since Feb 2021

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October 3, 2022 03:39 PM
Gold nuggets

Gold and silver jump on weak US ISM, yields

Out of the two metals, silver was the most impressive as it jumped over 7%, the most since Feb 2021

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October 3, 2022 03:39 PM

US ISM Manufacturing PMI data should delight the Fed!

Today’s US ISM Manufacturing PMI for August shows that the US is on solid ground. As a result, the US Dollar Index made new 20-year highs.

September 1, 2022 08:16 PM
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European Open: The DAX hits a 20-month low, ISM services in focus

The DAX is against the ropes on recession fears, ahead of several key data points from Germany, Europe and the US today.

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July 6, 2022 04:29 AM
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Another US business sentiment report flashes red ahead of the ISM

The Texas Fed Business Outlook Survey is the latest regional report for the US to send warning signals for the US economy.

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ISM Manufacturing inflation component much hotter than expected

Because the inflation component of ISM was higher than December's reading, the Fed will have to search for lower inflation elsewhere.

February 1, 2022 04:46 PM
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Asian Open: Wall Street Places Earnings over Bottlenecks, RBA up Next

Earnings continued to exceed expectations and propelled indices to new record highs, despite supply chain issues weighing on US productivity.

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European Open: GBP Breaks its 200-day eMA, ISM Manufacturing in Focus

GBP/USD closed beneath its 200-day eMA on Friday, and today’s ISM manufacturing data could be the difference between recovering back above it or extending its decline.

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Asian Open: Strong data sends Wall Street soaring

An exceptional start to the month for US economic data has seen trader’s price in the first rate-hike in 2022, send equities soaring and weigh on the US dollar.

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April 5, 2021 07:57 PM