After scary manufacturing drop, this is the number to watch Wednesday
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the...
Weaker ISM is Just What the DXY Needed
The US ISM Purchasing Managers Index (PMI) headline dropped from 49.1 in August to 47.8 in September, versus an expectation of 50.1! This is the worst ISM data going back 10 years. All components were lower as well. DXY has...
US: The Contraction in Manufacturing Activity Deepens in September
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
ECM vs equities: Has Deutsche Bank got it right?
Deutsche Bank has taken the radical step of getting rid of its equities business, but thinks it can still offer ECM. Can it? Signal2forex reviews
Dynamic FX hedging at heart of BNP Paribas-Kantox partnership
Dawn of a new partnership between BNP Paribas and Kantox BNP Paribas has unveiled a strategic partnership with Kantox, an FX-focused fintech, that will enable EMEA-based treasurers to automate and streamline FX workflows. It is designed to complement the range...
ECB Snaps, Crackles, then Watches Rates Pop
Executive Summary The ECB announced a substantial package of easing measures at its September meeting, but the market response mostly fell flat, and indeed if anything financial conditions appear to have tightened since the announcement. Most market interest rates are...
WTI OIL Outlook: WTI is Consolidating after 4% Fall on Monday; Outlook Remains Negative
WTI oil price is consolidating above new 2 1/2 week low at $53.93, posted after nearly 4% fall on Monday. Oil price came under increased pressure after strong upside rejection (16 Oct spike to $63.12 after attack on Saudi oil...
US manufacturing survey shows worst reading in a decade
A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management came in at 47.8%...
US manufacturing activity hits highest in 5 months in September, IHS Markit says
A worker moves a Venice model roadster vehicle at the Vanderhall Motor Works manufacturing facility in Provo, Utah, Sept. 25, 2018. George Frey | Bloomberg | Getty Images The U.S. manufacturing sector activities rebounded slightly in September, according to IHS...
Dollar Rises as Fed Evans Hints that Rate Cut is Done
Dollar surges broadly today after a Fed dove said that the rate cuts delivered are already enough to lift inflation back to target. Euro somewhat shrug off weak inflation and PMI data and follows as second strongest, then Swiss Franc....