ISM Manufacturing Index Drops Sharply in May, Will Weaker USD or "Risk-Off" ...

The Manufacturing PMI showed its biggest 1 month drop since 1984, with the index coming in at 53.5 compared to April's 60.4. Forecasts were for a much smaller decline to the 57-58 range. Regional manufacturing surveys have underperformed all month and we see it showing up strongly on the national level.

Source: ActionForexall Rss Feed

Canada: Prices index for new houses in March: +1.9% y/y

FOREX NEWS: According to the released data, price index for new houses in Canada rose by 1.9% y/y in March and remained unchanged on monthly basis.
 
 

Source: Liteforex.org rss feed

USA: Preliminary index of consumer confidence of Michigan University rose to 72.4 points in May

FOREX NEWS: As it became known yesterday, the U.S. preliminary index of consumer confidence of Michigan University rose to 72.4 points in May against the level of 69.8 points in April. 
 

Source: Liteforex.org rss feed

Japan: CGPI index in April: +0.9% m/m

FOREX NEWS: As it became known on Wednesday, CGPI index in Japan rose by 0.9% m/m in April against the growth by 0.6% m/m in March.
 
 

Source: Liteforex.org rss feed

Dollar Advances for a Fifth Day- Index Tapping Resistance

The greenback closed out the week higher by nearly 2% as major swings in FX markets had saw the dollar shorts squeezed out. The Dow Jones FXCM Dollar Index continued its advance for the 5th consecutive day.

$ Index, Not the Start of a Major, New Upleg

Quick move higher in the index from the May 4th low at 72.70. However, the downside pattern is still not "complete", suggesting that the recent upmove is a correction, and with a resumption of the declines (and at least marginal new lows) after. From an Elliott Wave perspective, the

U.S. Dollar Index Halts Three-Day Advance, Major Trends Remain In Tact

The near-term correction in the greenback was certainly short-lived as the 244K rise in U.S. Non-Farm Payrolls spurred a rebound in market sentiment, and the dollar is likely to further retrace the advance from earlier this week as risk trends continue to dictate price action in the foreign exchange market.

Switzerland: Index SVME – PMI fell to 58.4 points in April

FOREX NEWS: As it became known today, index SVME – PMI in Switzerland fell to 58.4 points in April against the previous level of 59.3 points.
 

USA: ISM index in manufacturing sector increased to 60.4 points in April

FOREX NEWS: As it became known yesterday, ISM index in the U.S. manufacturing sector increased to 60.4 points in April against the forecast of growth to 59.5 points.

 

Australia: Index of business activity in service sector rose to 51.5 points

FOREX NEWS: As it became known in the middle of the week, index of business activity in the service sector of Australia rose to 51.5 points in April, as per estimates of AIG/Commonwealth Bank, against the previous level of 46.5 points.
 

Dollar Index Range Bound- Haven Flows Benefit Swissie, Yen

The dollar drifted amid a choppy US trading session, with the index ending flat on the day as risk-aversion flows benefitted the yen and the Swissie.

U.S. Dollar Index Eyes 72.00 Ahead Of Non-Farm Payrolls

The USD pared the rebound from earlier this week, with the dollar index slipping to a fresh yearly low of 72.70 on Wednesday, and the greenback may weaken further over the near-term as the slowing recovery in the world’s largest economy dampens speculation for a rate hike by the Federal Reserve.

USA: Employment index MONSTER rose to 145 points in April

FOREX NEWS: As it became known today, employment index Monster in the U.S. rose to 145 points in April against the level of 136 points in March.
 

Dow Jones FXCM Dollar Index - Easy to Trade US Dollar

The Dow Jones FXCM Dollar Index Basket was developed by traders for traders, allowing you to take advantage of US Dollar appreciation or depreciation with precise tracking and maximum liquidity.

Fed Policy Direction and the USD Index

This past week is one that will likely find its way onto the pages of financial textbooks that have yet to be written. Wednesday's FOMC rate announcement kicked off the first of many accompanying press conferences designed to “further enhance the clarity and timeliness of the Federal Reserve's monetary policy

Investors Shun Safe Havens, Sending Dollar Index to 3-Year Low

Whetted investor risk appetite has pushed the U.S. Dollar Index to its lowest point in 3 years, and analysts expect that further decline in the index is likely.

U.S. Dollar Index Approaches All Time Record Low

The U.S. Dollar Index remains hovered close to a 3-year low in light Asian trade, underpinned by the likelihood of prolonged low interest rates and a growing U.S. budget deficit.