• Prior 14.69
  • New orders 16.86 vs 14.14 prior
  • Employment 3.26 vs 13.64 prior
  • Average employee work week 3.26 vs 7.95 prior
  • Inventories -7.61 vs -14.77 prior
  • Prices paid 23.91 vs 27.27 prior
  • Prices rec’d 17.39 vs 7.95 prior

Big jump from the New York Fed manufacturing index which is the first US indicator of the new month but the employment numbers could mean trouble ahead.

USD/JPY ran 5 odd pips to 107.30 but has fallen back. Again, it’s not a big indicator but it is often looked at for clues as to how the rest of the months data will perform and those employment numbers might have some worried about the next jobs report.

US Empire state manufacturing index 15 09 2014

US Empire state manufacturing index 15 09 2014