OctaFX | OctaFX Forex Broker
Open trading account

Philly Fed: Regional nonmanufacturing activity continued to expand

"Respondents to this month’s Nonmanufacturing Business Outlook Survey reported that regional nonmanufacturing activity continued to expand, but with a slowing in the pace of growth," the Federal Reserve Bank of Philadelphia reported on Tuesday.

Key highlights

The indexes for current firm-level activity and sales/revenues fell but remained positive, while the index for new orders rose.

The index for full-time employment also rose.

The survey responses indicated overall price increases for inputs and flat prices for the respondents’ own products and services.

The respondents remained optimistic about activity over the next six months.

EUR/USD drops to one-week lows, closer to 1.1700 handle

   •  German political turmoil continues to weigh.     •  A modest USD uptick adds to downward pressure. The EUR/USD pair retreated over 40-pips fro
Read more Previous

AUD/USD scope for a test of 0.7475/80 – UOB

The outlook on the Aussie Dollar stays neutral, although a there is still room for a test of the 0.7475/80 band vs. the greenback in the near term, su
Read more Next
Start livechat