Check out today’s Market Movers!
This article is originally referred from FXPrimus News.
Today’s Important Indicators
Today in the Asian session, CAD fell against the USD by 0.1% and was trading in a choppy market.
All traders are awaiting two important releases or events this week, the FOMC minutes and NFP. As such, we expect markets to remain choppy as traders are sitting on the sidelines awaiting for the releases.
Today’s Forecast for Important Trading Indicators
|Time in GMT||Country||Indicator||Expected||Previous|
|08:30 am||UK||Construction PMI||52.1||52.2|
|12:15 pm||US||ADP Employment Change||178k||263k|
|02:00 pm||US||ISM Manufacturing||56.1||55.2|
|02:30 pm||US||Crude Oil Inventories||-3.3 M||-3.6 M|
|06:00 pm||US||FOMC Statement||–||–|
Yesterday the Australian services sector expanded more in April raising the AUD against the USD by 0.16%.
While in Europe the EZ unemployment rate remained steady, although at it lows, giving a small boost to the union’s currency rising to 1.0929 against the greenback.
Also the UK manufacturing PMI rose in April, and as a result the cable surged, closing at 1.2936.
Yesterday too, the USD rose 0.23% against the CAD and closed at 1.3704.
In Asia, Asia’s Dow closed negative -0.29%, Nikkei was trading at +0.7% while Shanghai index fell by 0.41%.
Original Source: FXPrimus News