Foreign Exchange Insights and Next Week
Next Week
May 4, 2012
A busy week lies ahead, kicked off on Sunday with the French presidential runoff election, Greek parliamentary elections, a German state election in Schleswig Holstein, and local elections in Italy. British markets will be closed for a bank holiday on Monday, and U.K. policy priorities will be reviewed in the Queen’s Speech on Wednesday. The […] More
Deeper Analysis
U.S. and Euro Zone Service-Sector Activity
May 4, 2012
Service-sector activity slowed in the United States last month, but the rate of contraction in Euroland services quickened, leaving their relative positions to one another little change. The purchasing manager spread between the two indices favored the U.S. by 6.6 points. Adding that differential to the manufacturing PMI spread of 8.9 yields a sum of […] More
Foreign Exchange Insights and Next Week
EUR/USD and Dollar/Yen Just Drifting Around
May 4, 2012
Real economic growth is one of the first factors generally mentioned when analysts list influential determinants of currency market movement. The United States is enjoying one of the largest growth advantages vis-a-vis Europe in a very long time, but you wouldn’t know that from the recent steadiness of the euro. The common currency is quoted […] More
New Overnight Developments Abroad - Daily Update
Poor European PMI Results Reported as Markets Now Await U.S. Jobs Data
May 4, 2012
April purchasing managers readings strongly suggest the Euroland entered the second quarter still in recession. Japan was closed for Greenery Day, another part of the Golden Week holidays. Analysts are forecasting a 170K increase in U.S. non-farm payroll jobs and an unchanged 8.2% unemployment rate. Figures are due at 08:30 EDT (12:30 GMT). Beyond the […] More
