October 2017 US manufacturing, services & composite PMI flash 24 October 2017
- Prior 53.1
- Employment 55.1 vs 54.3 prior. Highest since Jan.
- Output 54.4 vs 52.4 prior
- Services 55.9 vs 55.6 exp. Prior 55.3
- New orders 54.3 vs 56.2 prior
- Composite 55.7 vs 54.8
- New orders 54.3 vs 55.6 prior
Why the drop in USDJPY? Markit say that input prices moderated from Sep’s peak, and prices charged fell to the slowest for six months. That’s the hurricane gains washed out, and some. We trade around 113.80 after testing 114.00.
It’s a good report otherwise but we’re all about the inflation at the moment.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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