December 2017 US ISM manufacturing PMI report 3 January 2018
- Prior 58.2
- Employment 57.0 vs 59.0 exp. Prior 59.7
- Prices paid 69.0 vs 65.0 exp. Prior 65.5
- New orders 69.4 vs 64.0 prior. Highest since Jan 2004
Strong read on the input prices.
A good report but still we have a limited reaction in FX. USDJPY has half heartedly moved up to 112.35 from 112.20 but EURUSD has had a closer look at 1.20 with a 1.2008 low. GBPUSD drops to 1.3519 from 1.3530.
ISM notes;
- New Orders, Production, and Employment Continue Growing
- Supplier Deliveries Slowing at Faster Rate; Backlog Growing
- Raw Materials Inventories Contracting, Customers’ Inventories Too Low
- Prices Increasing at Faster Rate
International activity continues to increase with both exports and imports continuing to grow.
Also out;
- US construction spoending Nov 2017 0.8% vs 0.5% exp m/m. Prior 1.4%. Revised to 0.9%
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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