PMI expected to weaken further

4 June, 2018

At 08:30 GMT, UK Construction PMI (May) will be out with an expected headline number of 49.7 from a prior number of 52.5. The consensus is for a drop in the numbers today after a recovery from the low created in April at 47.0. The industry slipped back under 50.0 from the high levels of 2014 at 64.6 showing contraction in the index but has recovered somewhat. GBP pairs may see an impact from this data release.

At 09:00 GMT, Eurozone Producer Price Index (YoY) (Apr) is expected to be 2.4% against the previous 2.1%. Producer Price Index (MoM) (Apr) is expected to be 0.4% against the previous 0.1%. The recovery in the Euro area is weaker but growing despite some sluggish economic data. PPI data is in danger of slipping under 0.0% signalling falling prices. EUR crosses can be impacted by this data release.

At 15:00 GMT, US Factory Orders (MoM) (Apr) are expected to be -0.3% from 1.6% previously. If the decrease in expectations comes to pass it represents a small drop as the recent range of this data point over the last three years has been between +3% and -3.5%. USD crosses can be moved by this data.


Source  
Second wave of coronavirus could make Fed rethink negative interest rates15 May, 2020  

Another "big setback" in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory - but such a monetary...

Markets are excited about oil price rally too soon8 May, 2020  

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world...

Gold has "growing potential" to break $18005 May, 2020  

Gold prices could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves...


US oil prices are on track for their worst day ever21 Apr, 2020  

U.S. oil prices were on track for their worst day on record on Monday, with crude storage facilities filling rapidly as the coronavirus pandemic continues to crush demand...

Coronavirus crisis will erase nearly a decade of oil demand growth15 Apr, 2020  

The International Energy Agency (IEA) said Wednesday that it expects the coronavirus crisis to erase almost a decade of oil demand growth in 2020...

Key U.S. coronavirus death projection revised down to 600009 Apr, 2020  

Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday...


Coronavirus likely ended record U.S. job growth6 Apr, 2020  

The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus...

COVID-19: White House predicts 100000 to 240000 to die in US1 Apr, 2020  

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague...

Coronavirus pandemic driving sales of appliances for health31 Mar, 2020  

Now that consumers have stocked up on toilet paper, disinfectant wipes and other household necessities...