What’s happening Today? Several News Release from US & UK!

May 3, 2017

Check out today's Market Movers!

What’s happening Today? Several News Release from US & UK!

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  –  –

Market Movers

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%.

FXPrimus Official Website

Original Source: FXPrimus News

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