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1 Apr 2015

US: ISM manufacturing PMI declines for fifth month in a row

FXStreet (Córdoba) - US manufacturing sector expanded but a slower pace in March according to the Institute for Supply Management (ISM).

ISM manufacturing PMI fell to 51.5 in March from 52.9 printed in February and missing consensus of 52.5.

Although the sector is still expanding (reading above the 50.0 threshold), the pace has been slowing for fifth month in a row, sending the index to the lowest level in almost two years.

Just a few minutes before the ISM, Markit reported its own manufacturing PMI which rose to 55.7 from 55.1 in February.
Apr 1, 2015

EUR/USD sold at 1.0800; back below 1.0750

Money comes, and money goes. After jumping 60 pips post-ADP employment data, the EUR/USD climbed to 1.0800 where it found a selling interest that sent it back below 1.0750 just after the US PMI manufacturing reports.
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Apr 1, 2015

UK political risk looks under-priced – RBS

Ross Walker, Senior UK Economist at RBS, argues that there is little clarity in the financial markets regarding how the UK constitution would function as the probability of a hung parliament remains strong.
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