ISM Manufacturing PMI is as expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Institute for Supply Management has published the United States Manufacturing Purchasing Managers Index survey results. The results are near the forecast, but still were enough to cause a surge of the US Dollar

The survey results were expected to show a reading of 47.5, but the actual number is 47.2. In general, a reading below 50.0 is seen as bad for the sector and a reading above is seen as good.

The Dollar index increased volatility and afterwards started a surge from 101.50 up to 101.75.
Back to articles

Actual Topics

Wed, 04 Sep 2024 14:48:25 GMT

Bank of Canada cuts interest rates

At 13:45 GMT, Bank of Canada has decided that base interest rate will be decreased.BoC decision has created strong impulse to the CAD. Strong upside movement against the US dollar has been anticipated. Previous base interest rate was 4.50%, new interest rate is lower by 0.25 basis points, as forecasted- 4.25%. Most likely central planner intentions with this decision is

Tue, 03 Sep 2024 06:36:53 GMT

Swiss Franc moves due to inflation

The Swiss Federal Statistics Office has published the Swiss monthly inflation data. Inflation in Switzerland has stalled. The Swiss Franc is reacting to the news by declining. Instead of the expected Consumer Price Index increase of 0.1%, the actual data showed a 0.0% change. The lower inflation indicates that the Swiss National Bank can cut interest rates and reduce monetary

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.