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US ISM manufacturing and services data in focus - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at BBH, suggest that the US reports ISM for manufacturing and services, which if the Chicago PMI offers any hint, there is upside risk to the consensus estimate of 50 and 56.5, respectively.

    Key Quotes

    “Auto sales may slow slightly from the nearly 18.1 mln unit annualized pace in September. However, the most important report of the week is the monthly nonfarm payroll report. The deterioration of the last two job reports has not been confirmed by other labor market readings, including the weekly jobless claims, where the four-week moving average is making new cyclical lows.”
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