US empire manufacturing data misses again - Forex News by FX Leaders

US empire manufacturing data misses again

Posted Monday, May 16, 2016 by
Skerdian Meta • 1 min read

The FED empire manufacturing data for May posted -.9.02 points against +6.50 expected. Before the last report it has been in negative territory for quite some times. So, here we go negative again. It is not the most important piece of data but it shows that manufacturing is still in trouble. The USD has lost about 20 pips after the release.

 EUR/USD jumped about 20 pips higher after the miss

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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