Online Forex broker
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday.
This month the preliminary outcome of the Markit services purchasing managers’ index amounted to 56.5, dipping from May’s result of 56.8.
Market experts had predicted an outcome of 56.4.
In June, the manufacturing PMI headed south to 54.6 versus May’s reading of 56.4.
Market experts had hoped for an outcome of 56.3.
The composite output index, gauging the combined output of both the manufacturing as well as service sectors, headed south to 56.0 in June in contrast with May’s reading of 56.6.
The consensus forecast was making its way to a sag to 55.1.
On the index an outcome above 50.0 stands for industry expansion, but if it’s below, it shows contraction.
Notwithstanding the sag in the composite index, IHS Markit told that American private sector companies faced a strong end to the second quarter of this year, powered by another firm contribution from service providers.
On the contrary, manufacturing production surge speeded down for the second month running, getting to its weakest value since September last year.
IHS Markit chief market expert Chris Williamson stressed that even with June’s slowdown, the second quarter turned out to be the best for three years.
According to his calculations, economic surge managed to pick up from the 2.3% observed in the first quarter to a 3% soar.
Price pressures were still elevated because of a mix of soaring fuel prices as well as tariff-related price jumps and also supplier’s gaining pricing power because demand beats supply for many inputs.
By the way, for the first time in 2018, factory output is soaring faster than order books, thus dropping a hint that output might be adjusted down in the nearer months.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
