ISM Manufacturing PM...from Tradingwaves

02 Dec 2024, 23:25 · Views 190

ISM Manufacturing PMI Report: Stronger than Expected Performance #FlashNews##OPINIONLEADER##Fed# • The Institute of Supply Management (ISM) has released its Manufacturing Purchasing Managers Index (PMI) Report, revealing a stronger than expected performance in the manufacturing sector. • The actual PMI figure came in at 48.4, representing a significant increase from the predicted 47.7. #PMI#

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#USD/JPY#USD/JPY Analysis: Price, Technicals, and Fundamentals Current Market Overview Here’s a fresh look at where USD/JPY stands and where it may head next: Price Snapshot As of May 5, 2025 the U.S. dollar is changing hands at roughly ¥144.25 per dollar, having briefly punched up toward the ¥145.00 area earlier in the week—its strongest level in nearly three weeks. Technical Analysis Indicators Technical Analysis Resistance: Immediate barrier sits in the ¥145.00–145.20 zone

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#XAU/USD#Gold Market Analysis Gold Market Outlook The luster of gold has dimmed slightly as the precious metal retreats from its recent record highs. Profit-taking appears to be the primary driver behind this pullback, creating a sense of cautious optimism among investors. Despite the decline, the underlying strength of the market remains apparent. Technical analysis suggests a key support level around a specific price point, which will be crucial for maintaining the bullish momentum.

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#USD/JPY#The Japanese Yen has retraced some of its intraday gains after initially benefiting from a weaker US Dollar. Despite this pullback, the overall market sentiment remains bullish for the Yen. This suggests that any short-term fluctuations could be temporary, with potential for the Yen to strengthen further depending on future economic developments or changes in the USD's performance. It will be important to keep an eye on key economic indicators and central bank signals to gauge

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#USD/CHF#The USD/CHF currency pair has weakened below the 0.88325 level due to growing uncertainty surrounding tariffs. Tariff-related concerns can create volatility in currency markets, as investors react to the potential impacts on global trade and economic growth. A weaker USD against the Swiss Franc could be a reflection of investor flight to safer assets, like the Swiss Franc, amid fears of disruptions in international trade or global economic instability caused by tariff impositions.

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#GBP/JPY#GBP/JPY FLAT LINES BELOW 191.00 MARK DESPITE BROADLY WEAKER JPYHere’s a polished version of your headline with improved clarity and style:Gold remains in a bullish consolidation phase, with a key support zone at $3228.38 - $3,164.23 and resistance at $3,380.20 guiding near-term price action.

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