Forex Flash: RBA has more monetary easing manoeuvrability - NAB

FXstreet.com (Barcelona) - Today's AiG Manufacturing PMI fell to 36.7 in April from 44.4 last month, lowest since 2009, while "established house prices in capital cities eased after solid Q1", notes the NAB, adding that " HIA home sales provided some balance, up 4.2% in March, consistent with some dwelling investment recovery..." The bank concludes that today's releases give the RBA "more monetary easing manoeuvrability."

May 1, 2013

Session Recap: Calm before the storm; China PMI in line with expectations

With half Asia closed for vacation, and the other half getting ready to it, ahead of European markets also closed on holidays, local markets remained subdue again in Asia, as the calm just before the storm, given all the data is to be released in the hours ahead.

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May 1, 2013

Forex: FOMC Meeting ---a major catalysts or non-event?

The EUR/USD finished the day sharply higher, closing up 0.55% at 1.3166. Intra-day the pair traded as high as 1.3186 but was once again unable to take out the 1.3200 level. All eyes will be on the upcoming US session, with both Construction Spending and ISM Manufacturing PMI due out at 14:00 GMT. Following this data, we will get the Federal Reserve Monetary Policy statement at 18:00GMT.

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