Prior was 46.6Composite PMI 47.0 vs 47.1 priorOperating expenses continued to rise sharply, underpinned by increased wage costsCompetitive pressures restricted the degree to which costs […]
Major US stock indices are opening lowerMajor US stock indices are opening lower
The major US stock indices are opening lower led down by the NASDAQ index. A snapshot of the market currently shows: Dow industrial average is […]
The secret to strong US employment growth: A population increaseThe secret to strong US employment growth: A population increase
Late last year, Canada was hit with a bombshell: There were 1 million more people in the country than believed. For a country of 40 […]
US March S&P Global final services PMI 51.7 vs 51.7 prelimUS March S&P Global final services PMI 51.7 vs 51.7 prelim
Prelim 51.7Prior 52.3Composite 52.1 vs 52.2 prelim The ISM services report is due at the top of the hour. Chris Williamson, Chief Business Economist at […]
USDCAD muddles along today but remains above key moving average support.Can that continue?USDCAD muddles along today but remains above key moving average support.Can that continue?
The USDCAD is “muddling along” today, but remains above its key moving average support defined by the 100 bar moving average on the 4-hour chart […]
ISM March services index 51.4 vs 52.7 expectedISM March services index 51.4 vs 52.7 expected
Prior was 52.6 Key details: Employment 48.5 vs 48.0 priorNew orders 54.4 vs 56.1 last monthPrices paid 53.4 vs 58.6 last month — lowest since […]
Whoops. ISM nonmanufacturing reverses the USD (higher), yields (lower) & stocks (higher).Whoops. ISM nonmanufacturing reverses the USD (higher), yields (lower) & stocks (higher).
The ISM non-manufacturing index (lowest since March 2020) has reversed the US dollar and yields. The Dow has also moved positive after the report. The […]
US markets reacting to the stronger ADP reportUS markets reacting to the stronger ADP report
After the stronger than expected ADP report: Stocks are lower The S&P is now down about -9.56 points and the Nasdaq is down around -59 […]
USD/JPY approaches the 152.00 barrier after strong US jobs dataUSD/JPY approaches the 152.00 barrier after strong US jobs data
Keep an eye on USD/JPY. It’s up 32 pips to 151.88. That’s just a sneeze away from last week’s high of 151.97, the November high […]
Fed’s Bostic: Economy is maintaining strong momentum that it’s had. Sees Q4 rate cutFed’s Bostic: Economy is maintaining strong momentum that it’s had. Sees Q4 rate cut
Everyone has been expecting the economy to slow at a faster pace but I’m not hearing that it’s picking upIf there’s any weakening, it’s at […]