Archive for August 3rd, 2018

Foreign Exchange Insights and Next Week

Next Week

August 3, 2018

Central Banks: Central banks hold monetary policy reviews in Australia, New Zealand, Thailand, The Philippines, Peru, Romania and Serbia. Australia’s quarterly Monetary Policy Statement and minutes from the Bank of Japan Board meeting to be published. Barkin of the Fed speaks publicly, as will Reserve Bank of Australia Governor Lowe. Holidays: August Civic holiday in […] More

Deeper Analysis

Narrower U.S. Non-Manufacturing Advantage Last Month Versus Euro Area

August 3, 2018

The July spread between the ISM non-manufacturing U.S. purchasing managers index and IHS’s service-sector PMIĀ for the euro area was 2.4 points smaller than June’s differential. In combination with a 2.3-point contraction of their manufacturing PMI spread reported earlier this week, the sum of the two first differences was slightly more than halved to 4.5 points, […] More

New Overnight Developments Abroad - Daily Update

Service Sector PMI Surveys and U.S. Jobs Data

August 3, 2018

The U.S. Labor Department’s July jobs and wage data will be released shortly. Investors are already digesting PMI data reported overnight. Euroland’s composite purchasing managers survey (comprising both manufacturing and service sector activities) dropped back to a 2-month low of 54.3 in July from a 4-month high in June of 54.9. The services PMI had […] More