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EU May Purchasing Manager Index Manufacturing edges up to 36.8 in Apr
FXstreet.com (Barcelona) For more information, read our latest forex news.
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U.S. Markets mixed on early trade; Euro and Pound, higher
FXstreet.com (Barcelona) - U.S. Markets are fluctuating between positive and negative levels at the opening times, on the back of recovery signs on U.S. manufacturing. Euro and Yen have bounced from weekly lows and tthe Dollar has appreciated against the Yen.Dow Jones Industrials Index trades 0.05% above its opening level while the Nasdaq Index rises 0.17% and the S&P Index goes through losses by 0.42%.On the macroeconomic domain Consumer prices Index has remained unchanged from march to April, while
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$ index, still short but get aggressive with stops
FXstreet.com (Barcelona) - In the May 5th email on the $ index, affirmed the short position (sold on April 27th at 85.60), and the market has indeed continued lower, breaking below the March 19th low at 82.65 (to levels not seen since early Jan), on way toward 80.10/20 (50% retracement from the March 2008 low at 70.70) next. Though the downside pattern is still not ?complete? suggesting further downside, the market is nearing oversold after the last few weeks of
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Canada Manufacturing Shipments decrease 2.7% in March
FXstreet.com (Barcelona) For more information, read our latest forex news.
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Germany Purchasing Manager Index Manufacturing improves to 35.4 in Apr from 35 in Mar
FXstreet.com (Barcelona) For more information, read our latest forex news.
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Euro and Pound pick up after U.S data; Yen, down
FXstreet.com (Barcelona) - U.S. CPI data and the NY Fed manufacturing Index have triggered a wave of risk appetite and Euro and Pound have reversed their downward trends while the USD/JPY has bounced from multi-week lows.Consumer prices Index has remained unchanged from march to April, while it dropped 0.7% year on year. Excluding food and Energy, the Core CPI has increased 0.3% on the month, somewhat above the 0.1% increment expected. NY Fed manufacturing Index has improved to -4.55 in
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European markets open with gains; Euro and Pound, little moved
FXstreet.com (Barcelona) ? European markets have opened Friday?s session with gains once concerns about U.S. banks? stress tests have vanished. Major currencies remain moving sideways, ahead of April?s non-farm payrolls report.Eurostoxx 50 Index adds 1.54%, and German DAX index gains 1.57% while French CAC Index trades 1.34% above its opening level. Banking stocks are moving higher once fears about bankruptcies in the U.S. are gone; Commerzbank rose 3.5% and shares of Royal Bank of Scotland rocketed 13%.Euro Pound and Yen,
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