US ISM Non Manufacturing data

Wednesday, 4 May 2011 05:27

Institute for Supply Management non Manufacturing missed its estimated figure by 5.1, as data was announced to be lower at 52.8 from the estimated 57.9; also lower from the prior month’s 57.3.

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European currency shining at 13-month high

Wednesday, 4 May 2011 05:19

The Euro is trading better against the Greenback than it has for the past year and a half passing the border of 1.49, trading at 1.4927; a 17-month peak. The news releases have been on a toll today, announcing Retail Sales during the European Session and ADP Employement change in the US. The European Currency was not affected by the lower than expected Retail Sales and really pushed its barrier when US ADP figures were released lower than the US forecasted. The US release pushed the Euro higher against the Dollar.

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ADP disappoints at 179K

Wednesday, 4 May 2011 03:22

US Automatic Data Processing was just released with disappointing news. The United States added 179k jobs in April, a drop from the previous month’s 201k and less than the expected 200k.

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UK Purchasing Managers’ Index

Wednesday, 4 May 2011 11:38

Construction PMI data was released with lower than expected results at 53.3 from an anticipated 55.6. This month’s data of 53.3 also came out lower than the previous month’s data which was 56.4.

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U.K House Price Index

Wednesday, 4 May 2011 11:20

United Kingdom’s House Price Index for April fell from 0.5% (March release) to 0.2%, while it was expected to fall to 0.3%. If the announcement was greater than the forecast, this would mean good news for the currency.

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