The Traderszone Network

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Spain July Markit mftg PMI data now out 1 Aug
– lowest reading since March
– mftg employment index rises to 56.5, highest since May, vs 56.0 in June
Spanish mftg PMI may have dipped but it’s been above the expansion (50) level every month since Nov 2013 all adding to the steady economic recovery.

Positive tones as markets officially get under way 1 Aug
– FTSE +0.4%
– DAX +0.3%
– CAC40 +0.6%
– FTMIB +0.3%
– IBEX +0.4%
In China the SCI closes up 0.6%. CS1300 Index +0.9%

A beat on prior, which was revised up from 55.1.
Good to keep an eye on Norwegian economy as a string of positive data combined with oil rally can provide a decent trade.

Data out a little earlier 1 August
– commodity index AUD 114.4 vs 118.3 prev revised down from 119.5
– index SDR terms yy 17.1% vs 23.7% prev revised down from 25.0%
Softer indices as expected but it’s not stopped the AUD going on a charge over that period.

The highlight of tonight’s NY session will be consumption and price data from the US.
The Fed’s preferred measure of underlying inflation, core personal consumption expenditure, is expected at 0.1% m/m for June. The prior month saw 1.4% y/y. Any significant deviations will influence Fed policy. Alongside PCE is personal income and consumption (personal spending). Here’s ‘s

Your daily thread to exchange trading ideas and discussion 1 Aug
A new month so what are your hopes and expectations?
Share your thoughts/positions here with the ForexLive community.