May 3, 2021
TEMPE, Ariz. â May 3, 2021 â Economic activity in the manufacturing sector grew in April, with the overall economy notching an 11th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The April Manufacturing PMI® registered 60.7 percent, a decrease of 4 percentage points from the March reading of 64.7 percent. This figure indicates expansion in the overall economy for the 11th month in a row after contraction in April 2020. The New Orders Index registered 64.3 percent, declining 3.7 percentage points from the March reading of 68 percent. The Production Index registered 62.5 percent, a decrease of 5.6 percentage points compared to the March reading of 68.1 percent. The Backlog of Orders Index register
Forex Today: Dollar eases on risk-appetite fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
5/2/2021 11:57:04 AM GMT
EUR/USD Current Price: 1.2020
The dollar strengthened amid a dismal market’s mood exacerbated by profit-taking.
The Union’s economy contracted as expected in the first quarter of the year.
EUR/USD is at risk of extending its decline mainly on a break below 1.1980.
The EUR/USD pair plunged on Friday to close the week in the red at 1.2020, amid broad demand for the greenback in the last trading session of the day. Month-end profit-taking exacerbated the dollar’s rally, although falling equities and weaker US government bond yields helped the safe-haven currency.
Germany and the EU reported the preliminary estimates of Q1 Gross Domestic Product, both indicating economic contraction. German’s GDP printed at -1.7% QoQ while in the EU, it resulted in-1.8%, a consequence of the pandemic-related lockdowns and restrictions. In the US, the Core Personal Consumption Expenditures Price Index rose to 1.8% YoY in March from 1.4% in February as expected. The
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Gold Price Analysis: XAU/USD to target $1,800 with a daily close above $1,785NEWS |
4/19/2021 7:11:26 AM GMT | By FXStreet Insights Team
Gold registered its largest weekly gain of 2021. In the view of FXStreet’s Eren Sengezer, XAU/USD could target $1,800 if US T-bond yields push lower.
Gold continues to react to movements in US Treasury bond yields
“On Tuesday, the labour market report from the UK will be looked upon for fresh catalysts. Although this event is unlikely to have a direct impact on gold’s valuation, a sharp movement in the GBP/USD pair could drive the USD’s overall market performance.”
Following
Gold Weekly Forecast: XAU/USD could target $1,800 if US T-bond yields push lowerANALYSIS |
4/16/2021 4:47:50 PM GMT
Gold registered its largest weekly gain of 2021.
XAU/USD could target $1,800 with a daily close above $1,785.
Gold continues to react to movements in US Treasury bond yields.
The XAU/USD pair spent the first half of the day in a relatively tight range below $1,750 but rose sharply on Thursday amid a steep decline witnessed in the US Treasury bond yields. Gold managed to preserve its bullish momentum ahead of the weekend and advanced to its highest level since late February at $1,783 on Friday. On a weekly basis, the precious metal posted its largest percentage gain since December, nearly 2%.