Foreign Exchange Insights and Next Week
Next Week
May 2, 2014
The week ahead is packed with holiday closures, central bank policy meetings and statements, and numerous data reports. Japan is in its Golden Week with closures on Monday for Children’s day and Tuesday for Greenery Day. The U.K. is also closed Monday for a spring bank holiday, and France will be observing V-E Day on […] More
Deeper Analysis
Factory PMI Spread Shifts in U.S. Direction for Third Straight Month
May 2, 2014
The U.S. minus Euroland manufacturing purchasing managers index differential rose to 1.5 points in April from 0.7 in March, 0.0 in February and minus 2.7 in January. The U.S. reading rose in each of those months, including a 1.2-point advance in April. This connotes an acceleration in the rise of manufacturing activity since January. The […] More
New Overnight Developments Abroad - Daily Update
U.S. Jobs Day and More PMI Reports
May 2, 2014
Ahead of the U.S. Labor Department monthly report in which analysts look for a 6.6% jobless rate with about 220K more jobs created, the dollar is marking time. The greenback is unchanged against the euro, Swissie, loonie and yuan, up 0.2% versus the yen, Australian dollar and sterling, and 0.1% firmer vis-a-vis the kiwi. Share […] More
