PMIs from across the world confirmed the slowdown in the global economy, and once again we saw extreme volatility in the US equity market as the Dow dropped 600 points, rallied back all the way before ultimately dropping…
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Most houses produce outlooks for the year around this time and it’s starkly obvious this year the consistency of the call for a lower dollar. They may or may not be right at some stage; often the first…
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European PMIs throughout the week are likely to show an economy starting to struggle. The euro has been quite range-bound for a while now, and the weaker data is likely to keep the topside boundary intact in the…
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Many pundits are calling the US dollar lower this year (maybe too many – when everyone is calling it the same way often it becomes a risk in itself) and with FTSE having fallen so hard this morning…
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Chinese Manufacturing PMI data slipped below 50 and back into contraction for the first time in over two years and sent equities into a tailspin on the first day of the New Year. This continued the volatility that…
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We’ve got PMIs across the whole region and the main focus will be on how far they have slipped and whether the majority of them dip below 50. The Italians have managed to get their budget passed, and…
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With the interventions of the President likely to continue, and possibly get more frequent again now that Chief of Staff Kelly has left the White House, the dollar is a tricky one to call.
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Data this week is PMI with manufacturing on Wednesday, construction Thursday and then finishing off with services on Friday. These were all still above that important 50 level last month, but as highlighted by the Chinese data overnight,…
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