US Manufacturing PMI (flash) increased to 60.6 in April from 59.1 in March, above analysts’ expectations of 60.5. The reading pointed to the continuing expansion in factory activity since February 2020.
US Services PMI (flash) rose to 63.1 in April from 60.4 in the previous month, above market consensus of 61.7. The latest reading pointed to the sixth consecutive expansion in the services sector.
EURUSD saw a relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.2065 level. Source: xStation5
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
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