Crypto prices have entered a horizontal channel characterized by volatility fueled by macroeconomic factors. Last Friday, Bitcoin and Ethereum experienced sharp price drops, losing over 5%. Crypto pri...
Tag: PMI
PMIs Smash Expectations Leading To A Three Standard Deviation Day In Hong Kong
China Last Night KraneShares Key News Asian equities were higher overnight with Hong Kong and Mainland China outperforming. Several Asian countries underperformed while South Korea was on holiday for ...
Chicago PMI contracts for a fifth consecutive month; CB consumer confidence flashes recession
The Chicago Purchasing Manager’s Index (PMI), an index of the strength of manufacturing firms based in the Chicago area, saw declines in January 2023 settling at 44.3, from 44.9 in December 2022. A re...
Political Rhetoric Or Negotiating 101, PMIs Shine! BYD’s BOOM!
China Last Night KraneShares Key News Asian equities were lower in advance of central banks hiking interest rates this week, while India managed a small gain and the Philippines and Taiwan underperfor...
Philly Fed Manufacturing Index Continues Its Downward Slump
| Getty Images Key Takeaways The Philly Fed Manufacturing Index dropped again in November. This drop takes the index to its lowest point since May 2020. The index has been negative for the last three ...
FTSE 100 price forecast after October Flash Manufacturing PMI misses expectations
The United Kingdom has been at the forefront of financial news lately. Political instability created wild fluctuations in the currency and bond markets, making it difficult for investors to foresee th...
China Returns From Golden Week Holiday, US Semiconductor Ban Weighs On Technology
China Last Night KraneShares Key News Asian equities were all down following US stocks’ poor performance on Friday following the strong employment release as investors face the reality of further US F...
PMIs & Real Estate In Focus, Week In Review
China Last Night KraneShares Week in Review Asian equities saw another week of turbulent trading, with growth stocks seeing the brunt of the selling pressure on increasing concerns about global growth...
Bitcoin price eyes $22K as US PMI data hits lowest since May 2020
Bitcoin (BTC) headed for multi-day highs after the Aug. 23 Wall Street open as United States economic data tripped up the dollar. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar suf...
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
China Last Night KraneShares Key News Asian equities had a positive day on light summer volumes except for Mainland China. Pelosi’s Taiwan visit did not spark World War III as some had feared. Plane t...
June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week
Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic release...
June Caixin PMI Beats Expectations, Week In Review
China Last Night KraneShares Week in Review Asian equity performance was mixed this week. Hong Kong and Mainland China have led gains in Asia for the week and for the quarter. Internet stocks were hig...
Chinese Equities Outperform Asia For The Day, Week, Month & Quarter
China Last Night KraneShares Key News Asia ended the month with a thud except for China which is fitting as China and Hong Kong equities were the only positive markets for the month. For Q2, China and...
Should you buy or sell the euro after today’s PMI data?
Today’s European data focused on the manufacturing and services PMIs. They both disappointed, coming out much lower than expected and triggering fears of an imminent recession in the Euro area. The PM...
Mainland China Gains On Reopen, Economic Daily Editorial Marks Shift In Regulatory Tone
China Last Night KraneShares Key News Asian equities were mixed though mostly lower overnight, failing to follow US equities higher, as Hong Kong underperformed. Mainland China markets reopened to out...
GBP/USD forecast after the strong UK services PMI data
The GBP/USD pair held steady on Tuesday after the relatively strong services and composite PMI numbers from the UK. The pair rose to a high of 1.3145, which is in the same range as it has been in the ...
Buyback Bonanza As Regulators Talk About Talking
China Last Night KraneShares Key News Asian equities were largely off overnight. The SEC added Weibo, Baidu, iQIYI, and three other China ADRs during US trading hours to their HFCAA non-compliant list...
USD/CAD signal ahead of US NFP and Canada PMI data
The USD/CAD pair has been in a tight range this week as investors have focused on the soaring crude oil prices and the Bank of Canada decision. It is trading at 1.2693, where it has been in the past f...
51 Job To Go Private, Asia Follows US Lower
China Last Night KraneShares Key News Asian equities were mostly lower overnight after the US market decline yesterday. Growth equities, including internet stocks, saw positive performance on Tuesday,...
Baidu & IQiyi Report Q4, China PMIs Higher Than Expected
China Last Night KraneShares Key News Asian equities were mostly higher overnight. Internet and growth stocks rose overnight as Baidu reported positive Q4 2021 earnings that beat estimates. China rele...
Yuan steady after strong China manufacturing PMI data
The USD/CNY price had a difficult January as the Chinese yuan continued its comeback against the US dollar. The index dropped to a multi-month low of 6.3023, which was about 1.12% below the highest le...
Visa: 24% of SMEs ready to accept cryptocurrencies
The results of a survey carried out by Visa among various SMBs (Small and Medium Businesses) have recently been published, revealing that a large proportion would be ready to accept cryptocurrency pay...
Yuan sits at key support after strong China PMI data
The USD/CNY pair declined to a key support level on Tuesday after the strong Chinese economic data. The Chinese yuan is trading at 6.37 against the US dollar. It has risen by more than 11% from its lo...