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US: ISM manufacturing index likely to print 59.0 for the April – Nomura

Analysts at Nomura expect 59.0 for the April estimate ISM manufacturing index of US after coming in at 59.3 in March.

Key Quotes

“Incoming business surveys indicated modest moderation in activity. The new orders and shipment indices of the Empire State and Philly Fed surveys fell in April, although they are still well within expansionary territory. Moreover, notable declines in forward-looking business sentiment measures of these surveys appear consistent with manufacturers’ concerns over US trade policies. Although current activity appears healthy, escalation in trade concerns will likely weigh on business sentiment.”

EUR/USD: A test of 1.2000 inevitable as DXY breaks through 92.00

The steady decline in the EUR/USD pair received extra legs in the European session, after the USD bulls flexed their muscles across the board, trackin
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WTI down 1% on stronger USD, sub-$ 68 ahead of API

WTI (oil futures on NYMEX) is seen replicating the moves seen in the European session a day before, as broad-based US dollar strength remains unabated
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