Menu
Sister Sites

  • NMI at 52.6%; September Non-Manufacturing ISM Report On Business

    From prnewswire.com

    Economic activity in the non-manufacturing sector grew in September for the 116th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee: "The NMI® registered 52.6 percent, which is 3.8 percentage points below the August reading of 56.4 percent. This represents continued growth in the non-manufacturing sector, at a slower rate. The Non-Manufacturing Business Activity Index ... (full story)

Added at 10:04am

  • Services reading shows US economy is weaker than expected amid slowdown fears

    From cnbc.com

    The services sector continued its expansion in September but at a considerably slower pace than expected, according to the ISM Non-Manufacturing Index released Thursday. The closely watch measure came in at 52.6, compared to an expected reading of 55.3 from economists surveyed by Dow Jones. Markets sold off sharply following the news, with the Dow Jones Industrial Average down more than 200 points after being only slightly lower earlier on. Anything above 50 represents growth in the survey, which gauges the percentage of companies expecting to expand their businesses. A reading above 48.6 has been consistent with ... (full story)

go go go shot on usdjpy
what's going on ?!!! dow 25700!!! 1600dropped within two days!!! that's a joke, making sell pressure just for weak data of one month!!!
Fear of recession
The bloody trump make this situation of USA
Quoting sadeghi
what's going on ?!!! dow 25700!!! 1600dropped within two days!!! that's a joke, making sell pressure just for weak data of one month!!!
What's going on, Trump's trade war is coming back to bite him in the *ss.
it's interesting to me that some still say the fed shouldn't use lowering rate!!! well done Mr Powell!!! current situation was clear to majority of economist except Mr Powell!!!
Are you ready to witness something you have only dreamed of seeing? A once in a life time spectacular drop? The biggest of all time. It’s coming. It’s gonna be scary and very lethal.
Invest in alarm clocks
Quoting kuldeep4350
The bloody trump make this situation of USA
Damm right,trumph beats the trumpet for US economy & US $ with entire world ,it will reflects in coming month.
Watch for the Trump tweet on the China deal
What about friday data??
Quoting barkie
{quote} What's going on, Trump's trade war is coming back to bite him in the *ss.
trade war!!! the negotiations are going well, this data has nothing to do with trade war but is because of weak decisions Mr Powell.
Its above 50, still good, market games for better buying level
Oil at 51 dollor rly... how much it go lower?? Lol
Buying U$
Make it Green
They want to start a war in the Middle East. Now that Oil has dropped to this level, are they trying to start a war in the Middle East just to pump the price up?
Dont worry Trumps tweet is comming, he will support the market.
in minutes , trumph will tweet by saying " did you see powell, your rate is too high", i can not gain my company income, dollar too strong".

then we will hear "cool speech" from clarida
Baaaaaaad as I said.

Today think 1.1025 channel.
Maybe 1067 next. Gold hold long (
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting sadeghi
it's interesting to me that some still say the fed shouldn't use lowering rate!!! well done Mr Powell!!! current situation was clear to majority of economist except Mr Powell!!!
The rates were crazy low for almost a decade
There were asset purchase programs that inflated the FED's balance sheet to $4.5 TRILLION
Corporate profits are alledgedly soaring
US are in full employment

All are very strong reasons to INCREASE the interest rate and to normalize the monetary policy. You need bullets when a recession comes, and dropping the IR from 2 to 0% won't make the cut anymore.

The truth is that now, the US (like the EU, Japan and China to a greater extend because the fu*ked their economy even more than the FED) are doomed no matter what they do.
I suspect that impact of US Non-Manufacturing ISM report may be short lived and USD/JPY may pullback to upside ahead of NFP.
Quoting aramzing
go go go shot on usdjpy
Buy uj
Make it Green
Quoting Not-KPMG
Baaaaaaad as I said. Today think 1.1025 channel. Maybe 1067 next. Gold hold long (
Nope wouldn't see 1.1025.The News not bad enough to send EU to that level.EU will heading down.Watch
Make it Green
Quoting louisfx
{quote} Nope wouldn't see 1.1025.The News not bad enough to send EU to that level.EU will heading down.Watch
Why should we buy usd ? data is bad .
Quoting AiWoZhongHua
{quote} The rates were crazy low for almost a decade There were asset purchase programs that inflated the FED's balance sheet to $4.5 TRILLION Corporate profits are alledgedly soaring US are in full employment All are very strong reasons to INCREASE the interest rate and to normalize the monetary policy. You need bullets when a recession comes, and dropping the IR from 2 to 0% won't make the cut anymore. The truth is that now, the US (like the EU, Japan and China to a greater extend because the fu*ked their economy even more than the FED) are doomed...
very strange!!! even if we assume us economics is at full employment ( that it's not true), in this event also given being inflation under target and being low consumer's expenditures, the fed have to lower rate or purchase bond. thank god you're not instead of Mr Powell, otherwise you push economics into a recession deeper than 1930.
All other countries in the world are flaming by recession except USA but now USA is also sinking too bad for world tomorrow nfp data is now expected very weak
Data is not bad. A little bad.. compare to last month.. u cant dip 100 pips...down
But the fear of recession remains in the focus
Quoting Don100
Data is not bad. A little bad.. compare to last month.. u cant dip 100 pips...down
Today is a sell , Don;t get missleaded , high probability of another cut
Equities are a sell, dollar is as well long term

Temporary rise for dollar is possible , but over the next few months its a huge sell
COT: The precious data ignored
Quoting kuldeep4350
But the fear of recession remains in the focus
That's the problem. Fear! And the fear mongers.

Place your trades against the fear mongers. The economy is nowhere near recession. The VIX is only a tiny blip compared to 2008, 2011, 2018.
Quoting sadeghi
{quote} very strange!!! even if we assume us economics is at full employment ( that it's not true), in this event also given being inflation under target and being low consumer's expenditures, the fed have to lower rate or purchase bond. thank god you're not instead of Mr Powell, otherwise you push economics into a recession deeper than 1930.
Only someone tremendously stupid believes the actual inflation is anywhere close to the CPI.

Lenin used to call guys like you "useful idiots". You don't know anything yet make the case for the policy that precisely trapped and sunked the economy.
USD struggles to fill the gap against CHF which was made when number came out.
MArket should sell usd , not sold too much yet , i think tomorrow it will be sold to die
Quoting AiWoZhongHua
{quote} Only someone tremendously stupid believes the actual inflation is anywhere close to the CPI. Lenin used to call guys like you "useful idiots". You don't know anything yet make the case for the policy that precisely trapped and sunked the economy.
you don't worth answering, it's just wasting time
you yourself don't get what you are saying about CPI and inflation. in one word I can just say you are a awful illiterate. God bless you and your Lenin and others like you , I hope you grow up a little in not too distant future kid.
Quoting Ghass1234
{quote} Why should we buy usd ? data is bad .
Compare to other country economy,USA still Stand strong.Euro EQ coming soonest next month.And EURO data so bad.And EURO stand ready to cut more rate which is already in -ve.Let's see the NPF tomorrow.
Make it Green
Dont forget that US has a strongest economy now a days. The situation in EU is not better, with much smaller interest rate.
Quoting louisfx
{quote} Compare to other country economy,USA still Stand strong.Euro EQ coming soonest next month.And EURO data so bad.And EURO stand ready to cut more rate which is already in -ve.Let's see the NPF tomorrow.
NFP surely bad , all employement reports in the ISM are not good so..
Whats expectations tomorrow?
Sell Dolllaaarrr $$$ tomorrow , the most fucked up thing When machines buy on Support and Sell on resistance , they Fuck up the market
Quoting Ghass1234
Sell Dolllaaarrr $$$ tomorrow , the most fucked up thing When machines buy on Support and Sell on resistance , they Fuck up the market
Nope USA economy still stronger than any country.EU will go down.Except we see a very bad data tomorrow.
Make it Green
Quoting Ghass1234
Sell Dolllaaarrr $$$ tomorrow , the most fucked up thing When machines buy on Support and Sell on resistance , they Fuck up the market
Nope USA economy still stronger than any country.EU will go down.Except we see a very bad NFP data tomorrow.
Make it Green
Quoting louisfx
{quote} Nope wouldn't see 1.1025.The News not bad enough to send EU to that level.EU will heading down.Watch
Hmmm.
You're right in short term. 👏👏

But overall US is cr.p.

The only reason $$ survived today .... 😨😨😨... Are few reasons 😂😂
1. No liquidity.👎

Retail 👎
Talk of rate cut 👎👍 spurned stocks...EU dip.

Correction

End of month .
News tomorrow SO STOP HUNT TODAY 😨😨

Let's see bad jobs tomorrow 🙉🙉🙉🙉

I see 1.0945-55 buying
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Target is 1.1022-45-65

Quoting louisfx
{quote} Nope USA economy still stronger than any country.EU will go down.Except we see a very bad data tomorrow.
Not sure. Strong economy USA???

Why UJ goes as blind drunk sailor 😱😱😱👎👎👎
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting aramzing
go go go shot on usdjpy
You are still short?
Make it Green
  • New Comment
  •  Guest
  • | IP X.XXX.207.90
Join FF
  • Story Stats
  • Posted: Oct 3, 2019 10:00am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 44  /  Views: 16,528
  • Linked event: