Fundamental view: US Unemployment Claims on 6th Aug, US ADP Non-Farm Employment Change on 5th Aug, US Average Hourly Earnings monthly report on 7th created a bearish move for the pair whereas US Final Manufacturing PMI on 3rd Aug, Britain Construction PMI on 6th Aug, US Final Wholesale Inventories monthly report on 7th Aug favored [...]
Fundamental view: Unemployment Rate on 6th Aug, US Non-Farm Employment Change, Unemployment Rate on 7th Aug created bearish move whereas Australia AIG Manufacturing Index on 3rd Aug, Australia Retail Sales monthly report and US ADP Non-Farm Employment Change on 5th Aug favored bullish environment for the pair The pressure on dollar last week due to [...]
Fundamental view: Japan Prelim GDP quarterly report, Final Manufacturing PMI on 3rd Aug and favored bearish environment for the pair whereas US Final Manufacturing PMI, Construction Spending monthly report on 3rd Aug, Construction Spending monthly report on 3rd Aug and US Unemployment Claims on 6th Aug created a bullish move US Non-Farm Employment Change released [...]
Fundamental view: This week the gold price had been climbing. This week the PMI numbers also impressed, on Monday the ISM Manufacturing PMI for July came in at 54.2 vs expectations of 53.6. Then later on in the week, ISM Non-Manufacturing PMI for the same month beat consensus estimates of 55.0 and hit 58.1. Obviously things are not [...]
