Daily Market News: May 4, 2015
May 4, 2015 3:10 pmVideo
Latest News
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
- EUR/USD: trading tips for beginners for European session on April 17 April 17, 2024
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
May 4, 2015 – Daily Market News
Japanese markets are closed till Thursday due to public holidays, however Chinese stocks traded lower following negative data. The China HSBC Manufacturing PMI for April showed a reading of 48.9, this figure indicates that the manufacturing economy is declining, and has continued to decline for a second consecutive month. The Hang Seng Index was down by 0.03% and the Shanghai Composite was down 0.21% by the close of the Asian session. Following the release of positive data from Australia, the AUD/USD traded with Bullish sentiment and the pair is now trading above 0.784. The Building Approvals for March rose 2.8%, significantly higher than the expected decline of 2%. Australia is expected to lower interest rates tomorrow from 2.25% to 2%, this move could cause the AUD to decline against a basket of major currencies.
During the European session, the Euro traded lower against a basket of major currencies, despite European data beating expectations. The German Manufacturing PMI showed a reading of 52.1, slightly lower than the previous months figure of 52.8. Furthermore, the manufacturing PMI for the Eurozone indicated expansion with a reading of 52, but slightly lower than the March figure of 52.2.
The Dollar is trading higher against a number of paired currencies following a number of positive reports from the United States. On Friday, data showed that the Michigan Consumer expectations rose 88.8, above the expected figure of 88.1 and more data released today showed that the U.S. Factory Orders for the month of March grew at its fastest rate in 8 months with a 2.1% increase, slightly higher than the expected 2%. This positive data has boosted sentiment over the economic recovery and expectations over a highly anticipated interest rate hike.
Main Events (GMT)
08:55 -EUR- German Manufacturing PMI (Apr)
09:00 -EUR- Manufacturing PMI (Apr)
14:00 -USD- FOMC Member Tarullo Speaks
15:00 -USD- Factory Orders (MoM) (Mar)
20:10 -USD- FOMC Member Williams Speaks
Related Posts: