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Monthly Archives: January 2020

Nonfarm Payrolls Disappoints,While Private Employment Rose

The better than expected ISM Services PMI and the Balance of Trade improvements tells us that the services sector could be the contributing factor for the improved trade balance. In fact, we know the improvement in Exports could never be attributed to the manufacturing sector because the manufacturing sector has been underperforming lately.

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Fed Started off 2020 by Adding $56.72 Billion to Banking System

If inventory levels are low and production levels are high, then manufacturing activities are healthy and positive, which is good for the economy and bullish for the USD. On the other hand, if inventory levels are high and production levels low, manufacturing activities are low, which is negative for the economy and bearish for the USD.

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