ISM Manufacturing PMI ticked higher to 49.0 in June, surpassing consensus. The US Dollar continues to decline, approaching multi-year lows. Economic activity in the US manufacturing sector picked up some pace in June, with the ISM Manufacturing PMI advancing to 49.0 from 48.5 in May, coming in above experts’ expectations of 48.8. The Employment Index dropped slightly to 45.0…
2025.07.01 2025.07.02 Weekly Economic Calendar for 07.07.2025–13.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the Fed meeting in June, the US dollar continues to face headwinds, while US stock indices have hit new all-time highs. This week, market participants will review the minutes of the Fed’s June meeting to better assess the prospects for the US central bank’s monetary policy. Additionally, in the…
The June ISM manufacturing PMI report printed slightly better than expected results, as the index climbed from 48.5 to 49.0 during the month. While the reading reflected an improvement, it still remained below the 50.0 threshold and indicated industry contraction. Key Takeaways from the June ISM Manufacturing Report Manufacturing PMI rose to 49.0% from 48.5% in May, showing modest…
OPEC+ meets on July 6, the cartel is expected to hike August output by 411,000 bpd. Russian Deputy Prime Minister Alexander Novak says the decision will be made on the day: “We’ll review it during the meeting, as is traditional“ The group has been steadily adding back oil output since April: monthly increases of 411,000 bpd chipping away at…
Gold prices climb as US fiscal concerns over Trump’s proposed tax bill support bullion gains. Fed Chair Powell comments on monetary policy at the ECB Forum, maintaining a data-dependent stance. XAU/USD trades near $3,350 after US ISM and JOTS data beat estimates, raising expectations for a September rate cut. Gold prices are rallying on Tuesday as traders digest remarks…
Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates. Bank of America say: “Occam’s razor suggests that inflation is already stuck above target, with…
USD/CAD rises as Fed Powell’s comments at the ECB Forum raise expectations of a rate cut in September. Fed Chair Powell: “As long as the US economy is in a solid shape, the prudent thing to do is wait.” The US ISM Manufacturing PMI and JOLTS job data beat expectations, reflecting a more resilient US economy. The Canadian Dollar…
The market rotated out of the large/mega-cap tech stocks today. Markets got a little spooked by better than expected JOLT job openings and the realization that July is probably not a month for a rate cut. Some recent gainers were hit hard today. Nvidia -2.69% Broadcom -3.82% SuperMicro Computer -3.14% AMD -3.71% Meta -2.42% Palantir -4.27% Palo Alto Networks…
The Euro rose to 1.1830, its highest level since September 2021, before easing slightly. Eurozone CPI hits 2.0%, matching ECB’s target, core Inflation steady at 2.3%. US ISM PMI and JOLTS Job Openings beat forecasts, lifting the US Dollar Index. The Euro (EUR) edges modestly lower against the US Dollar (USD) during the American session on Tuesday, after briefly…
The flow of funds continues to show exiting out of the large cap tech sector and into the Dow 30 and the small cap. The NASDAQ index is currently down -111.2 or -0.55%. The Dow is up 470.66 points or 1.05% The small cap Russell 2000 is up 33 points or 1.55%. The S&P index is stuck between the…
