Daily Market Analysis by FxGrow

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Daily Market Analysis – 04th May, 2015
By FxGrow Research & Analysis Team

US ISM Manufacturing PMI at 51.5

The US ISM Manufacturing PMI remained at 51.5, well below market expectations of 52.0 for the month of April.

Activity in the US manufacturing sector showed slow growth in April 2015, while market expectations were for an increase to 52.0

US Construction spending declined by 0.6% in March 2015 while market expectations were for a 0.5% increase.

EURUSD is down from a High of 1.1220 to 1.1141 after Markit Eurozone Manufacturing PMI came out at 52.0 today.

GBPUSD slipped below 1.52 after the UK manufacturing PMI declined to 51.9, down from 54.0 in the preceding month ahead of UK elections on Thursday.

In the Asian trading session China's manufacturing PMI came in at 48.9 for April. Australian dollar is lower at 0.7835, amid expectations of RBA rate cut tomorrow.

Silver continues its consolidation to 16.32 while Gold is lower this morning at 1182.55

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.