Trial now
JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The April Richmond Fed Manufacturing Activity index came in at 17 - unchanged from March, and below expectations of 22.

  • This was another reading (following PMIs etc) that showed continued bottlenecks in U.S. supply chains, with input/output prices rising and skilled workers hard to find.
  • Per the Richmond Fed: "all three component indexes — shipments, new orders, and employment — remained positive. Survey responses indicated supply constraints, with the backlog of orders and vendor lead time indexes registering historic highs."
  • Despite this, "manufacturers were optimistic that conditions would continue to improve in the coming months."