The revised PMI numbers don’t usually have a strong impact, but this time is different. When a key industry in the biggest country sees its forward looking index slip to contraction, the currency reacts. It’s a 15 month low and an ominous sign for the euro-zone as a whole. EUR/USD is falling under 1.26 once again. Can it reach a new 2 year low? A downwards revision was not unexpected: markets estimated a slide to 50.3 points, but the actual number is 49.9, just under the 50 point mark separating contraction and growth. The figure negatively impacts the final euro-zone PMI, which slips to 50.3 points. The original number was 50.5 and no revision was expected. Spain and Italy did not disappoint, with the latter even returning to growth according to Markit. French manufacturing PMI stands at 48.8, as expected. The news joins the refusal of France to further adapt its policy to euro-zone guidelines. Here is the chart showing the second slide of EUR/USD below 1.26. Yesterday’s low, which was a 2 year low, is 1.2570. The big event of the week is the ECB rate decision tomorrow. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam EUR/USD DailyForex News Today: Daily Trading News share Read Next Eurozone awaits QE announcement FxPro - Forex Broker 8 years The revised PMI numbers don't usually have a strong impact, but this time is different. When a key industry in the biggest country sees its forward looking index slip to contraction, the currency reacts. It's a 15 month low and an ominous sign for the euro-zone as a whole. EUR/USD is falling under 1.26 once again. Can it reach a new 2 year low? A downwards revision was not unexpected: markets estimated a slide to 50.3 points, but the actual number is 49.9, just under the 50 point mark separating contraction and growth. The figure negatively impacts the final euro-zone… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.