Month: May 2022

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Prior was +1.10 Output +18.8 vs +10.8 prior New orders +3.2 vs +12.1 prior Shipments +13.1 vs +11.8 prior Prices paid for raw materials +61.8 vs +61.5 prior Prices paid for finished goods +41.8 vs +43.5 prior Employment +20.9 vs +24.6 prior Outlook -10.0 vs -5.5 prior Selected comments from the report: Aluminum billet and
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country. The regulatory framework was submitted in response to the federal Treasury’s consultation paper for “crypto asset secondary service providers” (CASSPs) defined as firms providing
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro and Sterling are
Gold price is oscillating in a broader range of $1,846.02-1,864.07 as investors await US NFP. A hawkish commentary from Fed Waller has underpinned the DXY. The precious metal is likely to remain lackluster amid the Symmetrical Triangle formation. Gold price (XAU/USD has witnessed a sheer downside move after failing to sustain above the $1,860.00 in the