Archive | April, 2016

Manufacturing PMI Data Was Stronger Globally In March

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Broadly speaking global manufacturing picked up in March according to the Markit PMI data. In the tables below we show developed and emerging market country PMI data over the past 12 months. Two thirds of developed world countries saw an increase in March compared to February. March’s data was even more impressive in emerging markets […]

Oil – Beware The 50-Day Moving Average

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WTI Crude is down down nearly 3% today and is approaching its 50-day moving average (3.6% above its 50-day moving average). As the chart below shows, the 50-day moving average has been an important signal during the free fall in oil prices since July 2014. When oil broke through the 50-day moving average in July […]

5 Charts From Today’s Employment Report

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By most measures, March’s employment report was a good one. Nonfarm payrolls came in slightly ahead of consensus while February’s strong number was revised slightly higher still. Private payrolls also came in above consensus but unfortunately manufacturing payrolls came in well below expectations (most manufacturing jobs lost since December 2009). The household survey also was […]