NFP Falls Much Less Than Expected
NFP Falls Much Less Than Expected US May nonfarm payroll declined by 345K, the market had expected a decline of 520K. This marks the smallest decline in US nonfarm payrolls since September 2008 and was half the average monthly decline for the prior six months. The government also revised April and March nonfarm […]
Euro-Area Manufacturing PMI Slightly Better Than Expected
Euro-Area Manufacturing PMI Slightly Better Than Expected
Release Explanation: As an indicator of economic performance, the PMI has the ability to easily affect currency valuations as institutions re-align existing positions, or build new, on the strength of these reports. It measures the activity level of purchasing managers, who are surveyed on production, employment, inventories, orders, and […]
U.S. Durable Orders Increase More Than Forecast
U.S. Durable Orders Increase More Than Forecast
U.S. Durable Goods Orders (Apr) Actual 1.9%, Expected -0.1%, Previous -2.1% (Revised from 0.8%)
Core Durable Goods Orders (Apr) Actual 0.8%, Expected -0.4%, Previous -2.7% (Revised from -0.6%)
Release Explanation: The value of new purchase orders placed with manufacturers that have a life span of more than three […]