German manufacturing PMI rises unexpectedly
Forex - EUR/USD falls to session lows after euro zone data
Investing.com - The euro fell to session lows against the dollar on Monday after euro zone manufacturing data indicated that the economic recovery in the region remains weak.
Also Monday, the final reading of China’s HSBC manufacturing PMI came in at 50.8 for November, slightly above forecasts for 50.5, and beating the flash estimate of 50.4. The index was down slightly from October’s final reading of 50.9.
U.S. stocks open mixed ahead of ISM data; Dow Jones down 0.26%
Investing.com - U.S. stocks opened mixed on Monday, as markets were eyeing the release of upcoming U.S. economic data, while expectations for the Federal Reserve to soon begin tapering its stimulus program persisted.
Gold futures down more than 1% ahead of US ISM Data
Investing.com - Gold prices lost more than 1% on Monday, as investors looked ahead to key U.S. economic data later in the day to gauge the strength of the economy and the need for stimulus.
China and the euro zone are major global copper consumers and manufacturing numbers are often used as indicators for future copper demand growth.
Oil futures extend gains after upbeat U.S. ISM factory data
Investing.com - Crude oil futures were higher on Monday, after data showed that manufacturing activity in the U.S. expanded at the fastest rate since May 2010 in November.
Market players looked ahead to a meeting of the Organization of the Petroleum Exporting Countries in Vienna later this week. OPEC is forecast to keep its supply target unchanged at 30 million a day on December 4.
Forex - GBP/USD slips but remains near 27-month highs
Investing.com - The pound slipped against the U.S. dollar on Monday, after upbeat U.S. data but still remained within close range of 27-month highs as data showed that activity in the U.K. manufacturing sector expanded at the fastest rate in 33 months in November.
2013-12-02 15:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
if actual > forecast = good for currency (for USD in our case)
U.S. ISM Manufacturing Index Unexpectedly Jumps In November
Economic activity in the manufacturing sector unexpectedly expanded in November for the sixth consecutive month as the overall economy continued to grow, the Institute of Supply Management reported Monday.
ISM's purchasing managers index registered 57.3 percent, an increase of
0.9 percentage point from October's reading of 56.4 percent. It was
the highest reading since November 2011.
Economists forecast a fall to 55.0. A reading above 50 indicates expansion.
ISM's New Orders Index increased in November by 3 percentage points to
63.6 percent, and the Production Index increased by 2 percentage points
to 62.8 percent.
U.S Data could skew December Taper Positions
With the U.S. government reopening in November, this month’s NFP report was expected to show a snapback in job growth. However last month’s 204k rise in payrolls exceeded the expectations of the most optimistic economist and because of that they are now looking for job growth to slow in November. If they are wrong and payrolls rise by more than 200k (190k would even do the trick), the unexpected strength of the labor market will prompt traders to readjust their positions for sooner rather than later tapering and this would be positive for the dollar. In fact, an upside surprise in nonfarm payrolls report could be just whatUSD/JPY needs to break its 4-year high of 103.74 but the breakout could occur sooner if the leading indicators for NFPs also point to a stronger number.
Dollar rises above 103 level against Yen
angevoyageur, 2013.06.04 14:08
This link provided to me by RaptorUK, give me the idea that it would be interesting to have a place here on the site to share such links. So I opened a new topic, it will be moderated to follow the rules as usual, but also about the content.