S&P Global Manufacturing PMI for Canada recovered above 50 in April.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- S&P Global Manufacturing PMI for Canada recovered above 50 in April.
- USD/CAD stays in daily range at around 1.3550.
Business activity in the Canadian manufacturing sector expanded at a soft pace in April with S&P Global Manufacturing PMI improving to 50.2 from 48.6 in March. This reading came in below the market expectation of 50.5.
Commenting on the survey’s findings, “although Canada’s manufacturing sector returned to growth in April, it did so only marginally with underlying data suggesting the recovery remained on shaky ground,” noted Paul Smith, Economics Director at S&P Global Market Intelligence.
“Output and employment growth were sustained, but another drop in new orders is probably the most notable development,” Smith added. “Clients are hesitant in their spending decisions, unsure of the direction of the economy at a time when prices remain high.”
USD/CAD showed no immediate reaction to this report and was last seen trading modestly higher on the day at 1.3558.
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
