USDCAD TECHS: Trend Needle Points South
May-01 07:59
* RES 4: 1.4415 High Apr 1 * RES 3: 1.4296 High Apr 7 * RES 2: 1.4096 50-day EMA * RES 1: 1.3906/394...
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JPY: USDJPY is drifting lower with US Yields
Apr-01 07:57
- Starting to see some spillovers in the USDJPY, drifting lower as the US Tnotes prints a fresh intraday high.
- The Yen also test its best level against the EUR and GBP, while the Aussie lags.
- Support in the USDJPY is at 148.70 Low Mar 31.
MNI: GERMANY MAR FINAL MANUF PMI 48.3 (FLASH: 48.3); FEB 46.5
Apr-01 07:55
- MNI: GERMANY MAR FINAL MANUF PMI 48.3 (FLASH: 48.3); FEB 46.5
ITALY DATA: Very little positive in the PMI manufacturing report
Apr-01 07:49
Nothing particularly positive in the Italian PMI manufacturing press release. It missed expectations by 1.4 points, falling to 46.6 from 47.4 (against an expected increase to 48.0). And most of the details were diappointing. The following highlights from the press release:
- "Production volumes were lowered once again and at the fastest rate for four months.
- "New orders continued to decrease at a sharp and steady pace
in March, keeping firms in retrenchment mode." - "Sustained reduction in headcounts amid signs of excess capacity"
- "Charges up after six months of discounting and despite softer cost pressures"
