“You can never have enough manufacturing data” my old nan used to say. Or maybe it was underwear, I can’t recall.
However you are dressed the data doesn’t sleep and neither do we at ForexLive, we rest our eyes now and again but it’s not sleep.
US Markit manufacturing PMI kicks us off at 14.45 (gmt+1) It’s the final June read so not overly a big data point but any surprises may play out in the dollar. 57.5 was the flash read as it hit the highest since 2010. Unchanged is the consensus call
The ISM manufacturing PMI is out 15 minutes after that and were looking for a four point gain to 55.8 from 55.4. Close watch as always is warranted on the sub categories like employment (53.2 exp vs 52.8 prior) and prices (60.3 exp vs 60.0 prior)
Good US data hasn’t really translated into good dollar strength recently so I would urge some caution trying to trade on the numbers if they are extreme either side, particularly the upside.
Construction spending and IBD economic optimism index finish the main data off for the day. Construction spending is expected up 0.5% from +0.2% prior and the IBD is also expected up at 48.0 from 47.7
Adam has fired up the hamster wheel and ZX spectrum so I’ll leave you all in his very capable hands. See you bright and breezy tomorrow.
