Good Morning! What to know 👇

🇺🇸 USD mixed after FOMC, US yields lower
🇪🇺 EUR🔻as weak PMIs reaffirmed
🇯🇵 JPY find support after repeated intervention
🇨🇭CHF ⬆️ pops on stronger inflation
🇦🇺 AUD pressured by weaker trade
🇳🇿 NZD 🔻on 🔻 building permits

📢 chart of the day 🤓

Here are the final #manufacturing #PMIs for April for the #euro area Big 3, plus #Ireland (important context for yesterday's dip in the UK index😉)

sources: pmi.spglobal.com/Public/Release…

O crescimento empresarial na Índia atingiu o nível mais alto em quase 14 anos em abril, de acordo com os PMIs. A atividade empresarial expandiu-se no ritmo mais rápido desde junho de 2010, impulsionada pela forte demanda.

🌷¡Feliz jueves!
📢Lo importante de hoy🔎

🔹México🇲🇽
9:00 am Remesas familiares y Encuesta de expectativas de Banxico
12:00 pm PMIs del IMEF

🔹EEUU🇺🇸
6:30 am Solicitudes de seguro por desempleo y Balanza comercial
8:00 am Ordenes de fábrica y de bienes duraderos

April manufacturing PMIs. Stagnation/decline of manufacturing business has now spread to US🇺🇸 & UK🇬🇧, who join the Euro🇪🇺 countries & Japan🇯🇵 in decline. Looks like following US policy was not such a good idea. India🇮🇳, Russia🇷🇺 & China🇨🇳 do not & look at them!

US PMIs Scream Stagflation As Manufacturing 'Contracts', Prices Rise, Heaviest Job Cuts Since GFC

zerohedge.com/markets/us-pmi…

EGON SPENGLER'S TWINKIE™ unsure

MNI PMIs coming much lower than expected?

Lets fade that why not?

Agenda Econômica Touro de Ouro com Pablo Spyer

Decisão de juros e Powell, Payroll, PMIs, balanços e feriados

Saiba o que de mais importante vai movimentar a próxima semana no mercado financeiro

Hoy tenemos PMIs de manufacturas de abril en España y zona Leuro.
Bolsas muy planas con ligeras subidas. Efecto FED afectando más a los bonos. Expectativas de inflación en entredicho en EEUU. No tanto, en la deprimida Luropa.
Japi zersdei.

My favourite time of month is here!
Todays updates in Global Manufacturing PMIs

#macro

Big day today. First business day of the Month.
- ADP non-farm employment change.
- S&P Global & ISM Manufacturing PMIs.
- JOLTs job openings

- #FOMC event.

In as much as most of the volatility expected to come has already been priced in, these events will still leave a mark…

Today's move has been driven by a ton of put selling, especially after weak flash PMIs removed some of the Fed fears.

Keep an eye on vanna ranges, when they expand, that means structure is changing and upside is opening up in this case. SQUEEZE!

GJ LONG

70% partial booked

I was expecting retracement to Key Demand zone

I changed my bias after negative US Services and Manufacturing PMIs

Minuto Touro de Ouro com Pablo Spyer

Em dia de ADP e PMIs, mercado aguarda Powell

🏆 Vencedor do prêmio iBest:
¤ Maior influenciador de Investimentos em 2023

▫️ Melhor Programa de Investimentos do Brasil 2022

🏆 Melhor Programa de Rádio do Brasil 2021

First Nucor and Cliffs, then the PMIs, now durable goods?

What is happening?

If you want the Fed to start cutting, history says you want manufacturing PMIs to stay sub-50. In seven decades, the Fed has never begun an easing cycle after PMIs rose back above 50 following a period below.

⛵️ We are joining forces with Diego to launch a monthly macro summary, which includes brief & concise analysis of the most important news of the month:
 
• We talk about CPI figures and its impact on FED plans, bond yields, equity sectors…
• PCE, PMIs and the impact of other

Europe mixed on inline manufacturing #PMIs

$VSTOXX 15.57

$DAX range = 17654 - 18416 ♉️
$FEZ range = 49.59 - 52.50 ♉️

$DAX 17903 -0.1%
$FTSE 8153 +0.4%
$CAC 7919 -0.85%
$AEX 876 -0.25%
$IBEX 10867 +0.1%
$MIB 33794 +0.15%
$SMI 249 -0.1%
$MOEX 3471 unch

This is your irregular reminder that the PMIs are total garbage.

They should be ignored by those trying to understand the economy and faded by those trading markets.

For instance, the S&P Global Services looks nothing like services spending: