US: Slowdown signals return | Forex Factory

  • US: Slowdown signals return

    From think.ing.com

    The April reading of the ISM manufacturing index has fallen to 52.8 from 55.3 in March. This was well below the consensus figure of 55.0 and is the weakest reading since October 2016. Production fell to 52.3 from 55.8, new orders dropped to 51.7 from 57.4 while employment fell to 52.4 from 57.5. While all remain above the break-even 50 level they are below their 6M moving averages, suggesting the manufacturing sector has seen a broad slowing in the rate of growth in April. The only positives are that the backlog of orders has increased to its highest level since last November while customer inventories remain low at ... (full story)

Comment Options
Ghass1234
May 1, 2019 12:57pm
Permalink
Quoting captaincobra
{quote} Besides that, it is still somewhat cautiously bullish.. or at least flat/neutral until it comes in below the 50 line..
it is but today will come down a bit
Reply
captaincobra
May 1, 2019 12:29pm
Permalink
Quoting raklian
The US dollar will still be bullish. It's simply because other economies are doing worse.
Besides that, it is still somewhat cautiously bullish.. or at least flat/neutral until it comes in below the 50 line..
Reply
Expo33
May 1, 2019 11:09am
Permalink
A simplistic regurgitation of what we already know. Thank you NOT-THINKING.com for your useless insight.
Reply
NotAtrader
May 1, 2019 12:18pm
Permalink
Quoting raklian
The US dollar will still be bullish. It's simply because other economies are doing worse.
As simple as that. Period.
Reply
raklian
May 1, 2019 11:36am
Permalink
The US dollar will still be bullish. It's simply because other economies are doing worse.
Reply
smctrader
May 1, 2019 11:20am
Permalink
Must. Print. Trillions. More. Fiat. Dollars.
Reply
Trader#E76C
May 1, 2019 11:15am
Permalink
Just keep extending credit to the consumer regardless of the increasing defaults. Alternatively, increase deficit spending by $2tril. for infrastructure (majority owned and operated by states, counties and cities/towns) and bill it as "consumer spending" via property and sale taxes.
Reply
Trader#E448
May 1, 2019 11:06am
Permalink
It looks like the dollar sales trend is returning to the forex market!
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats