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ISM Manufacturing PMI coming up - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at TD Securities noted that the key data releases for the US next besides nonfarm payrolls, coming as ISM Manufacturing PMI (Feb).

    Key Quotes:

    "The US manufacturing sector remains on the back foot, as the headwinds from the strong dollar, weak global demand and low energy prices continues to bear down on the sector.

    We see roughly balanced risks, but if our downside risk to non-manufacturing ISM materializes, there will be increased concern over the "catch up" of the services sector to weak manufacturing."
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