wrapper

Chicago PMI at 57.7 points in January

Friday, Jan 30 2015
The Chicago Business Barometer edged up 0.6 point to 59.4 in January from a revised 58.8 in December, following the publication of new seasonal factors earlier in the month. Analysts were forecasting decline to 57.7. Business activity was led by a modest advance in New Orders while Order Backlogs was the second largest contributor to the Barometer’s faster expansion. Production also increased between December and January following two consecutive falls. 
 
The University of Michigan final consumer sentiment index rose to 98.1, the highest since January 2004, from 93.6 in December. This was in line with prelim reading and slightly below expected figure of 98.5. “Consumer optimism did not waver in late January,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “The improvement has been due to more favorable trends in income and employment as well as the more recent declines in gas prices.”
 
USD continued to strengthen against its major rivals. Euro is currently being traded around 1.13 handle, Sterling is at 1.5030 area, while Aussie is few points above 0.7730 level. 
More in this category: « US GDP grew less than expected USD - Major events in the week ahead »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.