Analysts at Nomura expect a steady increase of 2pp to 59.4 for the Chicago PMI in May as early indicators for business activity during the month are consistent with a pickup in activity. Key Quotes “The Philly Fed, Empire State and Richmond Fed manufacturing surveys showed an improvement in their topline indices after some softening during April. As businesses focus more on the robust economic outlook for 2018 amid easing tension between the US and China, we expect them to remain optimistic. However, an escalation in trade tension may significantly affect business confidence.” “Pending home sales: Pending home sales, a leading indicator of existing sales, increased 0.4% m-o-m in March, but remained 4.4% below their level 12 months ago. A burst of colder-than-usual weather in April may have affected contract signing activity during the month. Over the longer term, we expect growth in pending home sales to continue to face supply constraints despite steady consumer demand.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD seen below 1.20 for longer – Danske Bank FX Street 5 years Analysts at Nomura expect a steady increase of 2pp to 59.4 for the Chicago PMI in May as early indicators for business activity during the month are consistent with a pickup in activity. Key Quotes "The Philly Fed, Empire State and Richmond Fed manufacturing surveys showed an improvement in their topline indices after some softening during April. As businesses focus more on the robust economic outlook for 2018 amid easing tension between the US and China, we expect them to remain optimistic. However, an escalation in trade tension may significantly affect business confidence." "Pending home sales: Pending home sales, a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
