US: Construction Spending falls -1.7% in March

FXstreet.com (Barcelona) - Construction spending in the US contracted by -1.7% in March, according to the US Census Bureau, disappointing the market that was expecting a 0.7% rise. February data was revised higher from 1.2% to 1.5%.

May 1, 2013

US: ISM Manufacturing PMI disappoints, at 50.7 in April

The April update of the ISM manufacturing PMI dropped from 51.3 to 50.7, disappointing investors by coming below market consensus of 50.9.

Forex: GBP/USD pulls back from highs after load of US data, capped just below 1.5600

The GBP/USD failed to reach the 1.5600 mark on its upside attempts, for now, coming as high as 1.5996 after employment data by ADP. Relevant economic data in the US was already published, and now, investors are getting ready for the FOMC meeting. As of writing, the pair is correcting and trading at 1.5560 area.