PREVIOUS TRADING DAY EVENTS 01 May 2023

Announcements 

The U.S. ISM Manufacturing PMI figure was released on the 28th of April, at 47.1. Even though it is more than the previous figure 46.3, the manufacturing activity is still in contraction for the sixth month straight, according to the April data. The good news is that the figures suggest the manufacturing sector is shrinking at a slower rate.

New order rates remain sluggish as panellists remain concerned about when manufacturing growth will resume, Timothy Fiore, chair of ISMs Manufacturing Business Survey Committee, said in a statement. Panellists comments registered a 1to1 ratio regarding optimism for future growth and continuing nearterm demand declines.

Contraction in April was led by furniture, wood products and nonmetallic mineral products. Eleven industries contracted while five industries expanded.

Source httpswww.bloomberg.comnewsarticles20230501usfactoryactivitycontractsforasixthmonthismdatashowxj4y7vzkg

Summary Daily Moves Winners vs Losers 01 May 2023

AUDJPY moved significantly upwards, over 100 pips, resulting in a 1.29 change for the day. USDJPY came second with a 0.99 change. It seems that JPY depreciation keeps on going since the BOJ Monetary Policy Statement.
The month just started and the above JPY pairs are now on top. Silver is at the bottom with a 0.75 change.

 News Reports Monitor Previous Trading Day 01 May 2023

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