US: Factory Orders fall -4.0% in March

FXstreet.com (Barcelona) - Market consensus was already suggesting a contraction, but by -2.6% in March, not what actual Factory Orders data showed: -4.0%. Also, the February figure was revised lower, from -3.0% to -1.9%.

May 3, 2013

US: ISM Non-Manufacturing PMI falls to 53.1 in April

The non-manufacturing PMI by ISM fell from 54.5 to 53.1 in April, disappointing investors that were expecting a figure around 54.0.

Forex Flash: AUD/NZD overbought ahead of RBA next week – NAB

The AUD/NZD has come a long way since March and technical indicators such as the daily RSI suggest the currency is marginally ‘overbought’. What’s more, speculative net long positions are much larger in NZD relative to AUD. “This suggests the kiwi is relatively more vulnerable should any negative piece of global and/or New Zealand news trigger a flight back into ‘safe-haven’ assets and at least temporary aversion to the NZD.” writes the NAB Analyst Team.