Page 20 - New Orders News Today

The Services PMI—at 51.9 (a reading of 50 or higher signals growth)—increased 0.7% over March’s 51.2, growing, at a faster rate, for the fourth consecutive month. ISM said that the services sector has seen growth in 34 of the last 35 months, with December 2022 being the one month with a decline.

Weaker China manufacturing PMI and cautious RBA may prevent resurgence of AUD/USD bulls as it continued to trade below its 50-day MA.

The following discussion should be read in conjunction with, and is qualified in its entirety by, the Unaudited Consolidated Financial Statements and Notes thereto included elsewhere in this... | May 2, 2023

Forward-Looking Statements Some of the statements in this Quarterly Report on Form 10-Q, as well as statements made by us in periodic press releases or other public communications, constitute... | May 2, 2023

Gold price (XAU/USD) is declining towards its crucial support of $1,970.00 in the Asian session. A solid recovery in the US Dollar Index (DXY) amid up

The EUR/USD pair has found an intermediate cushion after a steep correction to near the psychological support of 1.1000. The major currency pair is de

The main Manufacturing Purchasing Managers’ Index (PMI) in the United States will be released by the Institute of Supply Management (ISM) in its Repor

The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in April, for the sixth consecutive month, which was preceded by 30 consecutive months of growth.

New Orders and Production Contracting; Backlogs Contracting; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers Inventories Too…

Read about the drop in oil prices due to weak economic data from China and expectations of another US interest rate hike, despite OPEC+ supply cuts taking effect. Banking fears and US manufacturing data also weigh on crude prices. Will the Chinese recovery impact oil demand growth this year? Find out more here.