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Chicago PMI warns USD bulls ahead of ISM & ADP

by Ashraf Laidi
May 29, 2015 16:38

The six-point drop in today's release of the May Chicago PMI to contraction territory at 46.2 doesn't augur well for next week's release of the manufacturing ISM and NFP figures. The situation is different from last February when a similar thing occured.  Full charts & anlaysis.

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Chicago PMI warns USD bulls ahead of ISM & ADP - Chicago Philly Fed May 29 2015 (Chart 1)

 
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