News | Forex Optimum

News

News

Canada's private sector activity expands more than expected in March

The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, climbed to 72.9 in March from 60.0 in February. This pointed to the strongest expansion in economic activity since March 2011.

Economists had forecast the indicator to increase to 60.5 in March.

A reading above 50 signals expansion, while a reading below 50 indicates contraction.

Within sub-indexes, the employment measure jumped to 62.7 in March from 54.0 in the previous month, while the inventories indicator rose to 61.7 from 57.8 and the supplier deliveries gauge increased to 39.6 from 38.6. At the same time, the prices index fell to 75.1 in March from 80.2 in February. 

You may also be interested:

14:43 21.04.2021
Palladium to run out of steam ahead all-time highs at 2878 - Commerzbank
FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that palladium’s new high has not been confirmed by the daily RSI and this reflects a loss of upside momentum ahead of the all-time high at 2878.04.“Palladium is approaching the 2020 peak and all-time high at 2878.04. The high so far has been 2848. While it is underpinned by the 20-day ma at 2680, we cannot rule out further upside attempts. However, we note that the new high has not been confirmed
14:19 21.04.2021
U.S. weekly mortgage applications jump 8.6 percent
U.S. weekly mortgage applications jump 8.6 percentThe Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. surged 8.6 percent in the week ended April 16, following a 3.7 percent drop in the previous week. This was the first increase in seven weeks and the strongest advance since early January. According to the report, refinance applications surged 10.4 percent, while applications to purchase a home rose 5.7 percent. Meanwhile, the average
13:57 21.04.2021
USD/CNH faces the next support at 6.4700 - UOB
FXStreet reports that FX Strategists at UOB Group suggest that USD/CNH could drop to the 6.4700 area on a break below 6.4850.24-hour view: “USD subsequently dropped to 6.4885 before recovering. The combination of oversold conditions coupled with waning momentum suggest USD is unlikely to weaken further. For today, USD is more likely to trade sideways between 6.4900 and 6.5150.”Next 1-3 weeks: “We highlighted yesterday that ‘downward momentum has improved, albeit not by all that much’. However,
Deposit
options
Trading
platform
download
Bonuses VIP