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Thursday, 24 April 19:54 (GMT -05:00)


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Foreign exchange market

US Dollar: US Leading Economic Index Drops 0.1%


 

 

According to Conference Board, the US leading economic index lost 0.1% in April, thus reaching 95.5 points. Analysts had anticipated a 0.15 increase.

 

 

 

 

 

 
According to the revised April report, the index gained 0.3% against February’s readings.
 
The given index is based on a number of economic indexes, including unemployment claims, manufacturing orders, building permits, stock prices etc.
 
According to the latest report published by the Federal Reserve, the situation with US manufacturing orders improved in April.  The given indicator gained 1.1%, thus showing the highest increase since December 2010. As for the US unemployment claims report, the latest US unemployment claims report showed 375K.
 
Forex
 
According to Masterforex-V Academy,   the USD index keeps rallying in the form of wave C of Weekly started at 79.62The closest levels of resistance are 82,14; 82,37 and 82,46. A change of trend will be probable if the price breaks and consolidates below 80,10.

 

 

 

 

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