Finally some disappointing US data - Forex News by FX Leaders

Finally some disappointing US data

Posted Tuesday, May 31, 2016 by
Skerdian Meta • 1 min read

We have seen a streak of promising economic data releases from the US recently. The spending today was the most recent surprising release. But the Chicago manufacturing PMI missed today and fell below the 50 point level which means contraction. That´s not a surprise though because manufacturing has been weak for more than a year. Consumer confidence also missed so the sequence of positive data finally gets interrupted.

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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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