The Federal Reserve was expected to leave the interest rate unchanged at a range of 75-100 basis points. The big question is about the June decision. Will they raise rates then or take a longer pause? See Fed preview: reasons to be worried – 3 scenarios The US dollar was stable ahead of the publication with [...]
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French opinion polls are converging around the round number of 60% support for Macron and 40% for Le Pen. This is consistent with the numbers seen in previous days and now we are seeing a convergence. The Opinionway poll released at 10:00 GMT and the IFPO one published at 16:00 GMT are now in full agreement. [...]
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The US services sector is doing well, growing at an accelerated pace. ISM’s non-manufacturing PMI beats expectations with a score of 57.5 points. Orders are at the highest since 2005. The US dollar ticks higher with USD/JPY reaching 112.47. The ISM Non-Manufacturing PMI for April was expected to advance to 55.8 points from 55.2 in March. Any score [...]
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No big surprises from the ADP’s NFP: 177K jobs were gained according to the company. The US is marginally higher. Automated Data Processing (ADP) was expected to report a gain of 175K private sector jobs in the US in April. In March, the company estimated a jump of 263K jobs. The official number published by [...]
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The euro-zone enjoyed accelerated growth in Q1 2017:0.5% q/q as expected. Year over year, the economy grew by 1.7%, also as predicted. PPI fell short of expectations with -0.3% m/m but +3.9% y/y. EUR/USD remains stable. The euro-zone was expected to report an accelerated growth rate of 0.5% in Q1 2017. In the last quarter of 2016, [...]
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The construction sector is looking better in the UK: a score of 53.1 in the PMI. This is 1.1 points above expectations. This is the second of three PMIs. Yesterday’s manufacturing PMI also beat expectations with a significant jump. GBP/USD is relatively stable after the publication. Resistance awaits at 1.2965 and support at 1.29. The most important [...]
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