The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.
Today economic data releases are relativity light today. Release schedule for today are as follow:
– RBA shocks markets and cuts by 50bps to 3.75% – Decision surprising given RBA track record – Aussie sold aggressively across the board in response – UK manufacturing PMIs disappoint; weighs on Pound
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9830.8 9844.1 9816.27 0.07 55.72% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.07 percent higher from the open after being oversold on Friday, and the greenback should continue to retrace the decline from earlier this month as we expect the Federal Reserve to conclude its easing cycle this year. However, the technical outlook
Talking Points Euro: Spain Faces Double-Dip Recession, Triangle Continues To Take Shape British Pound: Clears 23.6% Fib, RSI Bouncing Around 70 Euro: Spain Faces Double-Dip Recession, Descending Triangle Continues To Take Shape
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
Week of April 30, 2012 Economic Calendar.
THE TAKEAWAY: April U. of Michigan Confidence Final Index Rose to 76.4 > Americans Appeared Optimistic about the State of the Economy> USD Pares Loss vs. Most of its Major Peers Confidence among U.S. consumers hit fourteen-month high in April, reflecting their optimism about the prospective strength of the economy and rising expectations on business conditions, employment and income. The Thomson Reuters/ University of Michigan final index mounted to 75.3
Consumer Sentiment for April slightly better than expected
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