Focus Today on Preliminary PMI Figures Seeking New Market Catalysts
Focus Today on Preliminary PMI Figures Seeking New Market Catalysts This week has seen a rise in the U.S. dollar and yen weakness, but today there has been a temporary adjustment. The market is currently searching for new catalysts. Early in the week, there were few major economic indicators, with sentiment driving market movements. However, […]
Monitoring for Sustained Dollar Strength, Focus on Today’s PMI Data
Since the latter half of May, the trend has been towards a stronger dollar. While the broader trend of dollar weakness from April remains, the dollar index has reached short-term resistance at the 10-day moving average, indicating a slowdown in the pace of dollar depreciation. Yesterday’s FOMC minutes came across as more hawkish than expected, […]
Pound Plummets as UK PMI Flash Readings Deteriorate in Both Manufacturing and Services Sectors
The British pound has experienced a sharp drop as a reaction to the deteriorating UK PMI flash readings for August, which showed a decline in both the manufacturing and services sectors. The GBP/USD pair fell below the 1.27 level to a new low around 1.2675, while GBP/JPY plummeted from around 185 to approximately 184.24. Even […]
The US Dollar Index has experienced a significant increase and has surpassed its 10-day moving average.
The US Dollar Index has seen a substantial rise. In the Tokyo market, it started with a steady upward movement near the previous day’s closing level (102.386). During the London session, it climbed towards 102.70 and reached the 10-day moving average (102.692). As the London session progressed, it gained momentum and reached a high of […]
Preliminary US Manufacturing PMI for January: 46.8 (Forecast: 46.0, December: 46.2)
Economic Indicators Preliminary US Manufacturing PMI for January: 46.8 (Forecast: 46.0, December: 46.2) Preliminary US Services PMI for January: 46.6 (Forecast: 45.0, December: 44.7) Preliminary US Composite PMI for January: 46.6 (Forecast: 47.0, December: 45.0) Good PMI to USD buying prevails. US stocks S&P 500 long is stopped out. I missed the flow of USD […]
US manufacturing PMI, service PMI, and composite PMI
After this, we assume that the USD will move after the US manufacturing PMI, service PMI, and composite PMI , so I would like to follow the flow after that.
Dollar selling reaction to weakness in US service industry PMI
the US PMI for the August survey was released, and the service industry PMI dropped to 44.1 more than expected, prompting stronger dollar selling. The dollar/yen fell to the 136 yen level and the euro/dollar was bought back to the high $0.99 level. Preliminary US PMI (August) 22:45manufacturing industryResult 51.3Forecast 52.0 Last time 52.2 Non-manufacturingResult […]
Last week, a series of weak PMI announcements
In the latter half of last week, weak PMIs from Europe and the United States were announced one after another. The market was nervous each time, with the worsening business sentiment in Europe such as Germany selling euros and buying dollars, and the sharp deterioration of US non-manufacturing PMI selling dollars and buying euros. The […]
France, Germany, UK, Europe, PMI are all good
Eur is bought. It responds to an unexpected improvement in the French PMI preliminary figures for June. The manufacturing industry was 52.1 (preliminary forecast 46.0), and the non-manufacturing industry was 50.3 (preliminary forecast 45.2), both higher than expected. The composite index was also 51.3 (preliminary forecast 46.8). Following the French announcement, Germany’s PMI preliminary figures […]
May US pre-manufacturing PMI improved to 39.8 from expected 38
With this, it is assumed that tonight will be more inclined to the trend of higher oil prices, higher US stock prices, and risk-on. Currently, the power balance in 15 minutes is AUD = EUR ＞ NZD ＞ CAD ＞ USD ＝ GBP ＞ CHF ＞ JPY