Currency pair EUR / USD reacted calmly to the news from the eurozone countries

Currency pair EUR / USD remains in the red zone. After the release of EU purchasing managers index for the manufacturing single currency held slightly above 1.3850. As it became known, the final figures for April were mostly in line with economists' forecasts.

Thus, the PMI index in the euro zone rose to 53.4 points versus 53.3 points expected. In Germany was recorded 54.1 points, slightly below the forecast of 54.2 points. Meanwhile, figures published by the activity in the production account for the development of this sector.

The EUR / USD is quite calmly reacted to the published data, remaining at daily lows. Investors seem to refrain from opening large positions before the release of U.S. statistics on employment.

Important for the EUR / USD levels

At the moment, the EUR / USD keeps on 1.3861 (-0.04%). As for resistance, their function can perform mark 1.3888 (high May 1), 1.3904 (April 11 high) and 1.3933 (March 19 high). Otherwise, support pair EUR / USD, likely to have levels of 1.3851 (low May 2), 1.3810 (50-day simple moving average ) and 1.3777 (low of 30 April).

Manufacturing PMI Spain

Manufacturing activity in Spain in the last month rose for the fifth month in a row, while the growth rate remained almost unchanged. This is evidenced by data released on Friday companies Markit. Based on these data, in the 2nd quarter of growth continued to accelerate.

Purchasing Managers Index (PMI) for the manufacturing, compiled from a survey of over 400 manufacturers in April fell slightly to 52.7 against 52.8 in March. Readings above 50.0 indicates expanding activity.

This report indicates that growth is likely to continue in the coming months as new orders continued to grow due to increased exports.

GBP / USD rate fell to a daily low after the news from Britain

GBP / USD rate fell to new day lows immediately after the release in the UK Purchasing Managers Index. According to published data, the April index deteriorated to 6-month low.

PMI index for the construction sector amounted to 60.8 points, being the lowest value since October. The experts calculated by 62.0 points. These caused the depreciation of GBP / USD. Pound formed at least 1.6872, after which he returned to the levels at 1.6885, which were recorded on the eve of publication. Now investors minimize their activity on the eve of the U.S. news. 

From a broader perspective, the British currency is in the process of consolidation after yesterday reached a new multi-year high at 1.6917.

Key technical levels for the GBP / USD

GBP / USD pair may stumble upon resistance 1.6900 (psychological level), 1.6917 (high May 1) and 1.6964 (100-month simple moving average). Otherwise, support is expected to 1.6870 (low May 1), 1.6828 (10-day simple moving average) and 1.6805 (low of 29 April).

PMI / PMI / Switzerland in April 2014

While April subindexes indicate strong activity in the industrial sector, the gradual increase in employment ended last month, and "the coming months will show whether companies restrained position on the issue of recruitment trend reversal or just a temporary aberration" - Credit Suisse analysts said Group AG, who participate in the construction of the index.

Released PMI index contrasts with the Swiss KOF leading indicator for April, which was published on Wednesday: KOF index fell on the results for the second month in a row.

Nevertheless, the prospects for the Swiss economy supported with data from neighboring Germany, the largest individual market for Swiss products. Business sentiment in Germany, as the data about the mood in the business environment Ifo, published last week, improved in April, indicating the stability of Europe's largest economy, despite the uncertainty in the Ukraine.

Ministry of Economy of Switzerland predicts growth of  this year by about 2.2% due to the increase in exports to the eurozone and the Swiss National Bank forecast assumes an increase of about 2%.

PMI index serves conflicting signals for the ECB to May 2, 2014

Purchasing Managers' Index (PMI) for the manufacturing in the eurozone once again contain a contradictory message to the ECB . Increased activity in the sector continues to gain momentum, and this is especially noticeable in Italy, which confirms restrained recovery that the ECB expects to see this year.

This recovery, according to his expectations, should eventually lead to higher prices. However, the evidence also suggests that manufacturers have lowered their prices for the second month in a row. This is an alarming sign for central bankers, given the already low level of inflation in the euro area.

Forthcoming publication in the U.S. - a key factor for the pair EUR / USD

On the eve of the news in the U.S. pair EUR / USD succumbed to "ragged" trading. Data on unemployment in the eurozone in March remained stable, although experts expected a small increase in the indicator. Purchasing Managers 'Index for the manufacturing were in line with economists' forecasts.

Data on unemployment in the eurozone have not deteriorated.

As it became known today, the unemployment rate in the euro area in March to a seasonally adjusted remained at 11.8%. Recall analysts predicted 11.9%.

As for the EU Member States, the lowest unemployment rates were recorded in Austria (4.9%). Next comes Germany (5.1%) and Luxembourg (6.1%). The highest rates - in Greece (26.7%) and Spain (25.3%). As for the youth unemployment rate in the euro area declined compared to last year.

Data on activity in the sphere of production were favorable

Second publication of Markit PMI index for the manufacturing index showed improvement in April in the eurozone. So, there have been 53.4 points higher than the previous values ​​in the expected 53.0 points and 53.3 points in the figures. PMI continued improvement in the 10th consecutive month. According to Markit, the first time since November 2007 PMI indices in all the countries studied were above the level of 50.0, which divides the area of ​​growth and decline. Production volumes and the number of new productions have also improved.

After the published data merchants quite optimistic and is now preparing to news from the U.S.. These news - a key factor for the pair EUR / USD. As experts predict, the number of employees in the U.S. economy outside of agriculture in April could grow by 210 thousand people. It is expected that the demand in the labor market back to levels that were recorded on the eve of deteriorating weather conditions in the winter.

Currently quotation EUR / USD kept at 1.3861 (-0.04%). Pair continues to move within a wider "bearish" trend . Now, the mood in the market are influenced by the forthcoming publication of the U.S..

Asian stock markets ended the day mixed

Trading in shares in Japan ended lower on Friday with mixed dynamics of other Asian stock markets. Investors expect the publication of the key report on the U.S. labor market later today. Session in Hong Kong over rising signs of stabilization activity in the Chinese manufacturing sector.

Nikkei dropped 0.2% to 14,457.51 points on the eve of a long weekend in Tokyo and , after rising 1.3% in the previous session , which was the strongest in two weeks. The market had almost no effect slight strengthening of the yen against the dollar to 102.48 from 102.32 at the end of trading in New York on Thursday .
Shares of Sony Corp. fell 0.6 % after the company lowered its operating profit forecast for the full year by two-thirds .

Today, many investors are waiting for the publication of data on the number of jobs outside agriculture in the USA in April , which will shed light on the state of the world's largest economy .

Economists surveyed by The Wall Street Journal, the expected strong growth of this indicator after higher-than- expected data on employment in the private sector , published on Wednesday .

South Korea's Kospi fell 0.1% to 1959.44 points , the Australian S & P / ASX 200 gained 0.2% to 5458.10 points, while Singapore's Straits Times was down 0.4 % in late trading .

The weakest performance over the week showed the Australian index , which fell 1.3 % from last Friday . Many stock markets hardly changed position on the week. Nikkei during this period increased by only 0.2 % , while the Shanghai Composite was at break-even .

Falling shares of banks and retailers all week pressured main Australian stock index after both sectors showed outperformed the previous week. However, negative attitudes towards bank shares softened slightly on Friday after that as paper Macquarie Group, Australia's largest investment bank , rose 0.9 % due to stronger -than-expected net profit for the year .

Shares of Australia and New Zealand Banking Group Ltd. added 0.8% , and the paper Commonwealth Bank of Australia - 0,6%.

Most of the Asian markets were closed on Thursday, when China published the official Purchasing Managers Index (PMI) for the manufacturing , which recorded a slight increase in activity in April. The index rose to 50.4 in April from 50.3 in March.

The Hang Seng rose 0.6% to 22,260.67 points , with the support of macro published . Markets in mainland China were closed on Friday for a holiday.

The final PMI index from HSBC for April will be published on Monday, and later next week , there are data on the trade balance and inflation in China.