Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Japan manufacturing surge sinks to eight-month minimum
In July, surge in Japan's manufacturing activity decreased for the second straight month, as a preliminary private poll demonstrated on Monday. It was provoked by stagnating export demand.
In July, the Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index slumped to 52.2 on a seasonally adjusted basis from June’s outcome of 52.4.
The outcome was an eight-month minimum, though it stood above the 50 threshold separating contraction from expansion for the 11th consecutive month.
The given slowdown was powered by stagnation in export orders, while reports of weaker demand from South East Asia contributed too. That’s what Paul Smith told - senior economist at IHS Markit. He added that nevertheless, the sector keeps generating jobs, with employment surge remaining amongst the best since the financial downtime.
In June, the preliminary index for fresh export orders edged down to 50.0 from 53.4. As for June’s output component, it sank to 51.4 from 52.2.
Similar
Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Deposit with your local payment systems
