EMU: Flash PMI Manufacturing declines against expectations in April

FXstreet.com (Barcelona) - Preliminary Eurozone PMI Manufacturing decreased to 46.5 points in April, from 46.8 points in March, according to data released today by Markit. Analysts expected the indicator to remain at 46.5 points.

PMI Services rose to 46.6 points in April, from 46.4 points in March, as projected. PMI Composite remained at 46.5, according to expectations.

Apr 23, 2013

Forex: USD/CHF bounces sharply to session highs at 0.9390/92

The USD/CHF has bounced sharply off its lows at the 0.9327 level, following the release of economic data in Germany and the EMU. The move rocketed the pair into positive territory, erasing its daily losses in an instant. At the time of writing, the cross is now steadfastly rising at session highs at 0.9390/92.

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Apr 23, 2013

Forex: EUR/JPY recovers the mark of 128.24 after EMU PMI

The EUR/JPY collapsed on lackluster German and EMU PMI data during European trading Tuesday. The move comes on the heels of an upside attempt that was cut drastically short at the 129.16 level. After bottoming out at the 127.93 level (session low), the cross has recovered the mark of 128.24 in these moments.

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