ADP disappoints at 179K

Last Updated on Wednesday, 4 May 2011 03:22 Written by Elena Rajkovic 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.

UK Purchasing Managers’ Index

Last Updated on Wednesday, 4 May 2011 11:45 Written by Elena Rajkovic 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.

U.K House Price Index

Last Updated on Wednesday, 4 May 2011 11:20 Written by Elena Rajkovic 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.

U.K manufacturing PMI release

Last Updated on Tuesday, 3 May 2011 11:39 Written by Elena Rajkovic Tuesday, 3 May 2011 11:35

United Kingdom just released its manucafturing PMI data with unexpected results.

US Dollar still struggling

Last Updated on Tuesday, 3 May 2011 11:19 Written by Elena Rajkovic Tuesday, 3 May 2011 11:19

The USD jump seemed to be merely just enthusiasm in forex trading due to the shocking news of Bin Laden’s killing in Pakistan. Now that the news is diminishing from broadcasts, the USD is pacing down to it’s regular weak self, closing to the 3-year lows. The European currency peaked to a 3 1/2 year high against the American currency reaching the price of 1.4900 in yesterday’s trading.

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