The nearly 100-year-old American investment advisor and author John Train put it best when they said, “For the investor who knows what he is doing, volatility creates opportunity.” It’s natural for many people to frown upon volatility. Heck, even the Oxford dictionary defines volatility as ‘liability to change rapidly, especially for the worse.’ Despite being a relatively … [Read more...] about Top 5 Most Volatile Forex Pairs to Follow
UK Manufacturing Output Growth Slows to 7-Month Low
Source: S&P Global UK manufacturing output growth slowed to a seven-month low in May, as domestic demand and new export work weakened during the period. EWU is flat, while VGK is down 0.06% premarket. The S&P Global/CIPS UK Manufacturing Purchasing Mangers’ Index stood at 54.6 in May, down from 55.8 in April.Manufacturing output growth to the slowest since October … [Read more...] about UK Manufacturing Output Growth Slows to 7-Month Low
Eurozone Manufacturing Falls to an 18-Month Low in May on Rising Cost Pressures
Source: IHS Markit The PMI gauging the manufacturing activity in the eurozone hit an eighteen-month low of 54.6 in May, from 55.5 in April. DAX is up +0.33%, EURUSD is down -0.17%. Output expansion in the eurozone still rose to a two-month high in May, with the index at 51.3, compared to 50.7 in April. The output was still the second-weakest in 23 months of … [Read more...] about Eurozone Manufacturing Falls to an 18-Month Low in May on Rising Cost Pressures
China’s Factory Activity Fell at a Softer Pace in May
Source: S&P Global Manufacturing activity in China dropped at a softer pace in May compared to April as demand conditions improved last month. CSI 300 Index down -0.20%, CNYUSD down -0.19%. The Caixin China general manufacturing purchasing managers’ index rose to 48.1 in May, from a 26-month low of 46 in April.Chinese goods producers’ output and demand remained in the … [Read more...] about China’s Factory Activity Fell at a Softer Pace in May
Texas Factory Output Growth Rebounds to Five-Month High in May
Source: Dallas Fed Factory activity growth in Texas rebounded in May, marking the highest reading in five months. QQQ is down 0.74%, while SPY is down 0.89%. The production index was recorded at 18.8 in May, up from 10.8 in April and 15.3 in the same month last year.The latest reading is the highest in five months since it stood at 26.0 in December 2021.Growth was seen in … [Read more...] about Texas Factory Output Growth Rebounds to Five-Month High in May
