ISM: Slower Pace of Expansion, Yet Prices Remain an Issue

Headline ISM moderated again for the third straight month as the manufacturing sector continues to exhibit growth although at a pace that remains disappointing to many. In May, the ISM index came in at 53.5 from 60.4 in April (top chart). The basic message is that the factory sector continued

Source: ActionForexall Rss Feed

Canada: Prices index for new houses in March: +1.9% y/y

FOREX NEWS: According to the released data, price index for new houses in Canada rose by 1.9% y/y in March and remained unchanged on monthly basis.
 
 

Source: Liteforex.org rss feed

Switzerland: Producer prices and import prices in April: +0.3% m/m

FOREX NEWS: As it became known on Friday, producer prices and import prices in Switzerland rose by 0.3% m/m (+0.1% y/y) in April.
 
 
 
 

Source: Liteforex.org rss feed

Great Britain: House prices RIGHTMOVE in May: +1.3% m/m

FOREX NEWS: According to the data released on Monday, house prices Rightmove in the UK rose by 1.3% m/m (+0.7% y/y) in May.
 

Source: Liteforex.org rss feed

Weekly Focus: Large Drop in Commodity Prices

In the past week financial markets started to question the sustainability of the high
commodity price levels as there was increasing evidence around the globe that
particularly the high crude oil prices are starting to take their toll on the global economy.
The drop in commodity prices was aggravated by

Guest Commentary: Oil Prices Fell Very Sharply Yesterday, What's Next?

Oil prices fell very sharply yesterday. These falls were related, in part to the 2% bump in USD compared to EURO. What is headed for oil prices today?

Great Britain: House prices Nationwide in Aril: -0.2% m/m

FOREX NEWS: As it became known today, house prices Nationwide in the UK decreased by 0.2% m/m (-1.3% y/y) in April against expected growth by 0.1% m/m.

US: ISM - Shifting Into Expansion from Recovery, Prices an Issue

The “headline” ISM index moderated from 61.2 in March to 60.4 in April (top chart). The basic message is that the factory sector continued to expand at a strong pace in April with 60 plus readings for production, new orders, export orders and employment. The headline index has been above