GBP: Signs of a snail-pace economic recovery are showing with the PMI Manufacturing 1.1 points above the forecast and consumer credit increasing slightly (much better than decreasing); coupled with meh American news the Pound Sterling may gain a bit ahead of the BOE announcement. Lending for homes decreased against an expected gain; this was somewhat expected as the housing market tends to be a lagging indicator, optimistically this may be seen as the 'bottoming out' of the contraction.
EUR: A similar story to the Britons Euro-zone productivity indices edge slightly higher; however it should be noted that the German PMI decreased by 0.1 points possibly offsetting minor gains in France and Italy. Euro-zone unemployment increased but less than predicted; economic contraction lessening. Also of note the CPI increased as expected still a bit below 2%.
AUD: Fairly upbeat manufacturing and commodity price news sent the Aussie bulling against the dollar; adding to this momentum was yawn-inducing American news.
I am going to open positions later today announcing them over this blog; some of you risk-lovers probably already entered an AUD/USD buy pre-NYSE.
No comments:
Post a Comment