Archive for May 2nd, 2014

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