MY.BLOGTOP10.COM

Manufacturing 49.7, an improvement but still in contractionprior 49.6Services 54.3, improved from July and a strong resultprior 53.8Composite 52.6prior 52.2USD/JPY is not a lot changed, down a few points after the report. -Commentary from the report:Growth across the...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Goldman Sachs commodity analysts take a look at the "risk developments" to their forecast for $86 oil by December 2023.On net, the risk developments ... have been bullish-to-mixed over the past monthThe bullish developments are:The arrival of inventory drawsThe key...

Judo Bank / S&P Global flash PMIs for Australia in August 2023 are both poor. Manufacturing and Services remain in contraction for a second consecutive month.Commentary from the report, in brief:a cyclical slowdown in the Australian economy is underway with...

Via media reports (Argus) comes news of the 590,000 b/d Trans Mountain Expansion (TMX) crude pipeline in western Canada will likely start commercial "later" in the first quarter next yearits entering the final stages of the project a specific in-service date is not...

Consumers have been cutting back in New Zealand in the face of rapid and sustained interest rate hikes. The last two meetings of the Reserve Bank of New Zealand have been a bit of a relief with the Bank leaving the cash rate on hold. Retail sales -1.0% q/qexpected...

Data from Switzerland on gold shipments in July: Swiss gold exports fell 2% in July from June exports to China fell by 19% in July to their weakest since May, 2022to India fell by 60% to their lowest level since April, 2023Info via Reuters overnight ICYMI. More here....

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) said Monday that it is removing 27 Chinese entities from its Unverified ListThe companies were taken off the list after they successfully completed end-use checks that allowed the commerce...

A UBS note nominates a breach of 1.0810 in EUR/USD as a trigger for Commodity Trading Advisors (CTAs) to shift into short positions. say its a key level of clustered CTA triggers, and three are more if the euro falls below thereUBS say that CTAs are already short kiwi...

The US Presidential election is not until November next year, but jockeying for position is starting. Trump is the frontrunner, easily, he is way out ahead, amongst Republican hopefuls, despite his imminent arrest:Trump on Fox TV promised huge new taxes:reaffirmed his...

> Forexlive Americas FX news wrap: Euro slumps even as Treasury yields cool Session wrap Forex news for North American trading on Aug 22, 2023 <!--> Adam Button Tuesday, 22/08/2023 | 21:00 GMT-0 22/08/2023 | 21:00 GMT-0 --> <!--> Markets:Gold up $3...

The inventory data from the private survey is out now, official data follows Wednesday morning (US time).Via Twitter (or whatever its called now, Stockholm Syndrome or something?)Numbers in the week are in m of bbls--Expectations I had seen centred on:Headline crude...

U.S. Secretary of Commerce Gina Raimondo met with China's Ambassador Xie Feng.US 'readout': Raimondo and Xie shared a productive discussion ahead of Raimondo’s upcoming trip to Beijing and ShanghaiRaimondo raised issues of importance to the United States and American...

Yikes, those expectations for the PMIs are not a pretty picture, for Australia or Japan. Japan services doesn't have an expectations survey (that I have seen) but I suspect it'll hold up in expansion, so that's a little more encouraging. This snapshot from the...