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The manufacturing sector in Japan moved to expansion in May, the latest survey from Markit Economics showed on Monday, with a manufacturing PMI score of 50.9. More...
Trading the News: U.S. Gross Domestic Product (GDP) A marked downward revision in the preliminary 1Q U.S. Gross Domestic Product (GDP) report may drag on the greenback and spur a near-term rebound in EUR/USD as the Federal Reserve looks to carry its zero-interest rate policy into the second-half of 2015. What’s Expected: Why Is This Event Important: Even though the Fed pledges to look past the economic ...
Trading the News: U.K. Gross Domestic Product (GDP) An upward revision in the U.K. 1Q Gross Domestic Product (GDP) print may heighten the appeal of the British Pound and spur a near-term rebound in GBP/USD as signs of a stronger recovery raises the Bank of England’s (BoE) scope to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: A marked uptick ...
The Bank of Canada is expected to keep rates unchanged. Yet the pair has pushed higher with the overall US dollar bullishness in trading over the last couple weeks. The price stalled right near the 61.8% of the move down from the 2015 high to the 2015 low at the 1.24845 level The 50% and the 100 day MA come in at the 1.2371-76 area. This will be a key level. Before that key level, there is another interim support level. ...
The EUR/USD had a stellar month in April closing in the 1.12 level after the ECB kicked off its stimulus program and data started printing a bit better than in previous months. Greece continued being a thorn in everyone’s side. The euro is expected to trade flat or a bit weaker in April as US data should start to print a bit stronger. In Spain and Italy, the export-led recovery has boosted industrial production and is starting to spill over into the broader economy, while deflationary tailwinds ...
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