Sunday January 8, 2017 - 18:01:00 GMT
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Global-View - www.global-view.com
Global-View Analysis: PMIs Turning Higher
Its pretty clear that economic conditions are improving almost everywhere. The smoothed data make underlying trends clearer. We are approaching the end of the period of excessive central bank ease. Note the actual LEVELS of the PMIs (all above 50) as well as the upward slopes of the lines. Both are important.
Fundamentals for Trading. EXCLUSIVE CHARTs:
PMI readings are not "hard" economic statistics. I like the smoothed manufacturing series, even in Service economies, because it is more sensitive to changes in the business cycle.
EXCLUSIVE CHART: Commodity currencies (plus China).
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