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  • UK manufacturing growth slows at start of second quarter

    From markiteconomics.com

    The upturn in the UK manufacturing sector slowed further at the start of the second quarter. Rates of expansion eased for output, new orders and employment, in part reflecting a weakening in the pace of expansion of new work from abroad. On the price front, input cost and output charge inflation moderated and, although still elevated, are below the highs seen at the turn of the year. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI® ) fell to a 17- month low of 53.9 in April, down from 54.9 in March. The PMI has signalled expansion in each of the past 21 months. Manufacturing production ... (full story)

red red red , let's see how the bubbled inflated currency will react ,and how Mr. Carney or May will do more to ruin this economy
everything is red except usd
Quoting zerotmoal
red red red , let's see how the subbled inflated currency will react ,and how Mr. Carney or May will do more to ruin this economy
Zerotmoal Calm Down...Take it Easy...The Last jan,Feb & March'18 All the US data is Bad, but Suddenly on Apr'18 the All the US Economic Data (Inflation, Unemployment, Employment) become Good in Green Area.

I think Carney & May, and Of course my Favorite Leader Angela Merkel, I am very surely about their capability to turn British & Europe into the Best Condition. It's as easy as turning a hand, just like Mr.T
Quoting bond6627
everything is red except usd
Bond...everything is because of U...US BOND, but calm down....the time to Rebound Very Hard Continuously, it's already in sight...Just waiting a few Moment for a Huge Reversal Wave....Market have a MEMORY....when have to Sell long, and when have to STOP SELL (SATURATED POINT), and REVERSE BACK Very STRONGLY CONTINUOUSLY.
Trust Me.
I prefer to James BOND 007 than US BOND.
The Brexit dividend is beginning to forment; GDP growth at 0.2%, retail sales collapsing, manufacturing growth (supposed to increase due to a weak pound) now contracting and the CBI gloomy wrt to overall trends. Oh, and we haven’t even left yet...

Quoting zerotmoal
red red red , let's see how the bubbled inflated currency will react ,and how Mr. Carney or May will do more to ruin this economy
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting bond6627
everything is red except usd
Look at the MN chart and not just for the immediate symbol but also of others in its class versus the USD. It is clear we have a breakout south. People have many ways of looking at stuff and of course everyone has a right to his or her view. But if charts are transactional records, and if depth scales from left to right across the feed then MN is the most comprehensive register of everything market movement from trend to sentiment or what have you. I would argue then that it is clear what is going on - investor attitude to the $ is changed or is changing hard and fast and in all likelihood this will register as sustainable to MN depth. If so everything will be red except the $ for a while - given the market is fractal and cyclical across all fractures - it would only be rational to accept that this then is the sate of the system. We are going down sustainably and fighting that fact would be futile.

The Crow (-_-)
Quoting bond6627
everything is red except usd
Expecting 3575 very soon!!!!
Quoting bond6627
everything is red except usd
Bond6627, market is Unpredictable, even the from the analysis Technical Analysis show must keep Bearish, but suddenly Bullish very Hard if they feel saturated, they suddenly Rebound hardly.
Because in the Market there is a LAW of DIMINISHING of RETURN also in the market.

Just like in the world there is Gravity Law, after the Ball falling down, must BOUNCE BACK UP, the more U throwing the ball down very hard, the harder it bounced back up .

Hopefully Useful My Frenz.
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Data slightly below expectations, but still solid. Who knows? Maybe BoE will hike soon?
Quoting Dr.Zain
{quote} Expecting 3575 very soon!!!!
Certainly not out of the question in due course. But one thing that should not be factored in unduly is the question of Brexit having the primary effect here. This is simply because movements of the $ and its crosses appear more dependent on investor attitude to the class rather than variables isolated to the individual symbols in the class. When the $ was on the back foot (over the last 15 months or so) all risk was on the rise albeit with slightly different timings with respect to moves in direction. The same will be true in reverse as we are starting to see. Gold, the Euro, AUD, etc are all directed southward just now (after most maintained a four month flat line on their MN charts ranging to break south now). So cyclicality rather than so-called "fundamentals" which has a dubious record to say the least, might be the more relevant and dependable factor in the moves we see in risk just now.

The Crow (-_-)
Quoting Dr.Zain
{quote} Expecting 3575 very soon!!!!
Correct. Not too far away.
And anyone who trades fundamentals and makes good money from it, such as Davit here on FF (for those who have the courage to investigate), would know why.
Come with me if you want to live....
Quoting Spreadbetter
The Brexit dividend is beginning to forment; GDP growth at 0.2%, retail sales collapsing, manufacturing growth (supposed to increase due to a weak pound) now contracting and the CBI gloomy wrt to overall trends. Oh, and we haven’t even left yet... {quote}
Please provide empirical evidence that the lower than expected numbers were as a direct result of Brexit
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market move in right direction not rumor. wait and see.
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Quoting JohanaFx
{quote} Bond6627, market is Unpredictable, even the from the analysis Technical Analysis show must keep Bearish, but suddenly Bullish very Hard if they feel saturated, they suddenly Rebound hardly. Because in the Market there is a LAW of DIMINISHING of RETURN also in the market. Just like in the world there is Gravity Law, after the Ball falling down, must BOUNCE BACK UP, the more U throwing the ball down very hard, the harder it bounced back up . Hopefully Useful My Frenz.
Go figure out the direction of usd by usdx monthly chart. Don't forget to read about "USD smile" too. I'm not an expert in economy but I do know how to read the chart. Open the weekly/monthly chart of usd pair, later u'll see the direction of this currency. Most of the major pair already close the monthly candle yesterday, i. think u will get a clue. May the green pips with u!
Did you see that moron Liam Fox on the BBC today? He really is a most dangerous and useless article.

Sorry, I meant Disgraced Former Defence Secretary Liam Fox.
Quoting UnBearybull
Did you see that moron Liam Fox on the BBC today? He really is a most dangerous and useless article. Sorry, I meant Disgraced Former Defence Secretary Liam Fox.
I thought that he was accurate in his comments http://www.bbc.co.uk/news/uk-politics-43960448
Quoting UnBearybull
Did you see that moron Liam Fox on the BBC today? He really is a most dangerous and useless article. Sorry, I meant Disgraced Former Defence Secretary Liam Fox.
Yes but what do people expect, this is a obese failed GP who spend his whole adult life as a career politician (the type of guy Devaux adores) who knows absolutely shit about trade and now is responsible for UK's future trade. Absolute clown if you ask me, get out of that country while you still can there will be blood in the streets.
Quoting Devauxt
{quote} I thought that he was accurate in his comments http://www.bbc.co.uk/news/uk-politics-43960448
Did you disagree with the CBI comments on Fox also?
Quoting barkie
{quote} Yes but what do people expect, this is a obese failed GP who spend his whole adult life as a career politician (the type of guy Devaux adores) who knows absolutely shit about trade and now is responsible for UK's future trade. Absolute clown if you ask me, get out of that country while you still can there will be blood in the streets.
Oh barkie lul.

Fox is a former general practitioner (he was a GP in Beaconsfield, Buckinghamshire, before his election to Parliament), a former Civilian Army Medical Officer and Divisional Surgeon with St John Ambulance. He is a member of the Royal College of General Practitioners

The Netherlands trade minister (Lilianne Ploumen) between 2012 and 2017 was a community outreach worker in the Crooswijk area of Rotterdam (and later a market researcher). The EU Trade minister (Cecilia Malmström) has has only ever been a researcher and lecturer before becoming a politician
I heard him on the radio, he’s delusional and now into “making it up as they go along” mode. The contradictions are stunning; “we want to take back control, of our precious sovereign parliament and our borders..” Er, righto, then allow parliament to agree the final offering from the E.U. and do your border control fantasies include a hard border with Europe, including one between European Ireland and the U.K. Northern Ireland?

Honestly, the Tory govt have got themselves into a total mess on this. GBP will begin to creak, as they freak.

Quoting UnBearybull
Did you see that moron Liam Fox on the BBC today? He really is a most dangerous and useless article. Sorry, I meant Disgraced Former Defence Secretary Liam Fox.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Devauxt
{quote} Oh barkie lul. Fox is a former general practitioner (he was a GP in Beaconsfield, Buckinghamshire, before his election to Parliament), a former Civilian Army Medical Officer and Divisional Surgeon with St John Ambulance. He is a member of the Royal College of General Practitioners The Netherlands trade minister (Lilianne Ploumen) between 2012 and 2017 was a community outreach worker in the Crooswijk area of Rotterdam (and later a market researcher). The EU Trade minister (Cecilia Malmström) has has only ever been a researcher and lecturer...
LOL There is only 1 country who now has to secure 60 percent of it's total trade, you need the Messi of trade secretaries not that ridiculous tubby !
Quoting barkie
{quote} LOL There is only 1 country who now has to secure 60 percent of it's total trade, you need the Messi of trade secretaries not that ridiculous tubby !
If you can provide me with empirical data that says the UK will no longer trade with the EU after Brexit, you might be on to something, but as usual, you are not
For traders I think the bottom line is that Markets tolerance, and belief that Mrs Mays minority Government, increasingly rent by internal feuding reflecting a deeply divided country, is capable of delivering anything other than a disastrous result for UK industry and economy. Many traders have been frustrated by GBPs recent failure to reflect the obvious dangers to GBP here... (check BCOBGB-IOM) but its often been the history of markets to take a sort of Mr Micawber attitude to this form of crisis... and in this case a belief that the current UK policy which is so obviously damaging and disruptive for UK industry and economic can never prevail.
Wish I was as confident.. Meanwhile recent Cable sort bias are yielding , but at this stage, thats really a dollar play..
The Market is just establishing the May Bottom heading into Jun FED Interest rate decision.

No need for Panic trading now guys.
The Euro will go with it as I think the orders across europe have slowed
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