Last Friday the dollar rose against major currencies to weekly highs amid the disappointing statistics in the Eurozone. The United States published Manufacturing PMI for April. The index came in at 50.8, the forecast was 52.0.
According to Markit research Group PMI composite index in the Euro zone fell to 53.0 in April from 53.1 in March. The same index in Germany rose to 51.9 in April from 50.7 in the previous month, while Service PMI fell to 54.6 from 55.1.
The speculations that the Bank of Japan may introduce new stimulus measures at the next meeting on April 27-28 continued to press the yen. The Central Bank may extend the program of buying assets or promote the interest rates even further into a negative territory.
December 8, 2016 U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016 US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016 GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
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