04, December 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

ISM Manufacturing PMI grew unexpectedly to 57.3 in November against 56.4 in October - contrary to expectations for a decline, continuing to stay at high level of April 2011. The sub-indices of production, new orders and employment increased in comparison with October, while the sub-indices of stocks and prices fell.

The final index of business activity at the U.S. in a manufacturing sector also appeared better than initial estimates of 54.3 in November and rose to the maximum 54.7 since January. The construction spending in the U.S. rose by 0.8 % m/m in October against expectations of the growth by 0.4%.

Pound updated the yearly maximum versus the dollar, but then declined. The UK Manufacturing PMI has grown to its highest level since February 2011, continuing the growth during the eighth month. The index of business activity at the manufacturing sector rose to 58.4 in November from the revised reading 56.5 in October. Industrial output and new orders rose to its highest level for nearly 19 years, employment growth was also accelerated.