Manufacturing Sector Expanded at a Slower Pace in May

The supply chain disruptions caused by the disaster in Japan coupled with higher energy prices are likely behind the slowdown in manufacturing activity in May. Despite the sharp deceleration, the overall index remains above the 50-mark that indicates expansion, and even above its long-term average of 52.8.

While manufacturing experienced a

Source: ActionForexall Rss Feed

ISM: Slower Pace of Expansion, Yet Prices Remain an Issue

Headline ISM moderated again for the third straight month as the manufacturing sector continues to exhibit growth although at a pace that remains disappointing to many. In May, the ISM index came in at 53.5 from 60.4 in April (top chart). The basic message is that the factory sector continued

Source: ActionForexall Rss Feed

Forex: Euro Correction To Gather Pace As ECB Delays Exit Strategy, All Eyes On U.S. Non-Farm Payrolls

The Euro sold off during the press conference with European Central Bank President Jean-Claude Trichet, and the near-term correction in the single-currency may gather pace going into the end of the week as the central bank softens its hawkish outlook for monetary policy.

U.S. Dollar Rally Gathers Pace, Speculation For Yen Intervention Resurface

The near-term correction in the U.S. dollar gathered pace on Thursday, pushing the Dow Jones FXCM USD index to a high of 9506.91, and the rebound in the reserve currency may gather pace going into the end of the week as risk aversion continues to flow into the foreign exchange market.

Forex: U.S. Dollar Rally To Gather Pace, Euro Searches For Support

The U.S. dollar rallied against its major counterparts on Wednesday as fears surrounding the European sovereign debt crisis weighed on market sentiment, and the greenback may continue to appreciate going into the North American trade as investors scale back their appetite for risk.