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Tag Archives: ISM

US Manufacturing sector contracts, US dollar nosedived

US dollar fell to two-months low against other major currencies after recent data show signs of gradual economic slowdown. The data spurred expectations that Federal Reserve remains on track to start cutting its interest rates this year, raising the opportunity cost of holding US dollar. According to US Institute for Supply Management (ISM), Manufacturing PMI […]

Surprising Strength in ISM Manufacturing Data Weighs on Stocks and Bonds 

The manufacturing sector in the United States experienced a positive turnaround in March, as indicated by the ISM Manufacturing Purchasing Managers’ Index (PMI). The index rose to 50.3, up from 47.8 in February, surpassing market expectations of 48.4. It marked the first expansion in the manufacturing sector after 16 consecutive months of contraction. (A PMI […]

US Data Disappoints, Tech Stocks Lead the Slide 

Major averages on Wall Street stumbled on Tuesday, adding to previous declines triggered by a far-reaching sell-off in the tech sector and rising fears regarding a possible economic deceleration. A 1% fall was recorded by the S&P 500, the Dow Jones took a dive, dropping 404 points, while the Nasdaq receded by 1.6%. New data […]

Focus on Copper today – 13th FEB 2024 

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Copper for 13th February 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Uncertainty Over Rate Cut Clouds US Stocks Prices

Gloomy Economic Data The recent decline in US stocks on January 3rd, driven by uncertainties surrounding potential interest rate cuts, has left investors seeking clarity. The minutes from the latest Federal Open Market Committee (FOMC) meeting failed to provide a clear timeline for rate adjustments, contributing to a 0.8% drop in the S&P 500 and […]

FED’s Latest Move and November 2023’s ISM Manufacturing PMI

The Impact of FED’s Decision and ISM Manufacturing PMI in November 2023 In November 2023, the Federal Reserve (FED) once again held its rates unchanged, marking the second consecutive time for such a decision. Investors and financial experts alike anticipated and conjectured about this FED move. In addition, the Manufacturing Purchasing Managers Index (PMI) for […]