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Cryptocurrency's Predictable Patterns: ISM Peaks And Bitcoin Halving Insights
Tuesday, August 15, 2023 - 1:49pm | 556Kevin Kelly, co-founder and Head of Research at Delphi Digital has presented a compelling argument suggesting that the cryptocurrency market is on the brink of entering a new cycle. Drawing on historical data and patterns, Kelly highlighted the cyclical nature of the crypto market and its...
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Oil Slips Further As Demand Concerns Deepen: What Key Global Factory Data Shows
Monday, August 1, 2022 - 11:25pm | 255Oil continued its downward trend during Tuesday morning trading session in Asia after several countries reported weak manufacturing data stoking fears of sluggish demand. Surveys from the United States, Europe and Asia showed that factories struggled for momentum in July, reported Reuters. Factory...
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The US Isn't The Only Nation With Concerning Manufacturing Data
Tuesday, October 1, 2019 - 4:50pm | 794Stocks sagged Tuesday on disappointing manufacturing data as economists began to worry the United States may be joining Europe and Asia in an industrial slowdown that new figures showed is continuing. The Institute for Supply Management said Tuesday that its U.S. Purchasing Managers Index...
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Fed Rate Hike Chatter Grows Louder As Economic Data Point To Strong Momentum
Friday, December 2, 2016 - 12:47pm | 845The Federal Reserve's monetary policy setting arm, or the FOMC is set to sit across the table for one last time this year to deliberate on rates. It's sure an unenviable task, given the fine line central bankers have to tread in deciding the apt course of the monetary policy. A wrong move can...
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USD/CAD Rallies to 3 Year Highs Ahead of BOC Rate Announcement
Tuesday, December 3, 2013 - 1:07pm | 446On Tuesday, the U.S. Dollar climbed to the highest levels against the Canadian Dollar since August of 2010. Recent positive economic data out of the U.S. has helped to underpin the greenback, fueling expectations of a possible taper of the $85 billion-a-month bond buying program at the December...
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Service Sector Continues to Grow, But at a Slower Pace
Friday, May 3, 2013 - 12:15pm | 527The Institute for Supply Management released its Non-Manufacturing Index, pointing to continued growth in April, just slightly less than in March. It registered 53.1 in April; 1.3 points lower than the 54.4 registered in March. Fourteen non-manufacturing industries reported growth in April, while...
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Trade Deficit Widens on Increased Oil Imports
Thursday, March 7, 2013 - 11:56am | 598The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised...
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ISM Manufacturing Index Misses Expectations
Wednesday, August 1, 2012 - 11:49am | 320The Institute for Supply Management's Manufacturing Index was released Wednesday and missed economist estimates. The index printed at 49.8 for July, higher than June's 49.7 but lower than economist expectations of 50.2. The reading below 50 in July marks the second consecutive month of declines in...
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Service Sector Expands More Slowly In June
Tuesday, July 6, 2010 - 10:26am | 101The Institute for Supply Management (ISM) said its index tracking service-oriented companies dipped to 53.8 in June from 55.4 in May. Analysts were looking for a reading of 55.0 for June. A reading above 50 indicates expansion. The U.S. service sector accounts for roughly 80 percent of employment...
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ISM Reading Shows Strong Recovery (CAT, FLR)
Monday, May 3, 2010 - 12:16pm | 114U.S. manufacturing continues to strengthen, growing at its fastest pace in almost six years in April. The Institute for Supply Management (ISM) said its index of national factory activity rose to 60.4 in April from 59.6 in March. The median forecast was for a reading of 60.0. A reading above 50...