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Monday September 2, 2013 - 18:02:31 GMT
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PMI data mostly better than expected. Equities close higher
|PMI data mostly better than expected. Equities close higher|
3 September 2013 00:00 gmt
CALENDAR: Far East: AU- RBA Decision. Europe: EZ- PPI. North America: US/CA- Mfg PIMs, Construction Spending
- HIGH IMPACT ITEMS: AU- RBA Decision, US/CA PMI
- The first day of the new month saw a slew of manufactuing PMI reports, and in general they pointed to improving economic performances almost everywhere. See the FOREX FORUM for latest key data and charts
- President Obama backing down from his threat of military action vs.Syria gave equity markets a boost..Obama will attend the G20in St. Petersburg in Russia later this week. We don't expect much from the meeting.
- More PMI reports will be released daily through Thursday. There are also central Bank decisions from Australia, Canada, the U.K. and the ECB. In addition to a slew of other reports. Friday features key U.S. employment data. Thursday and Friday are Jewish holidays which could limit dealer participation. On Saturday Australia holds national elections.
- For additional key items and more detail (dates, times, data estimates), be sure to reference our Economic Calendar and see the FOREX FORUM for latest key data and charts as they are released.
||JGB 0.74% +3bp
||Asia Close Higher|
||Bund 1.90% +4bp
||U.S. 2.75% +2bp
||North America: Closed|
FX Trade Talk: What's moving markets-- Commentary, data. and data charts posted continuously on FOREX FORUM
John M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service.. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
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