The US services sector provided some good news for a change: The ISM Non-Manufacturing PMI rose to 54.6 points, exceeding expectations of 53.8 points. This halts the rally of EUR/USD. The services sector is the largest in the US. This indicator is usually released before the Non-Farm Payrolls, providing an important hint. If it would have been released beforehand, it provide wrong guidance. Last month, ISM Non-Manufacturing PMI was a bitter disappointment, falling to 52.8 points and showing a significant slowdown. Well, growth has picked up now, providing some hope. EUR/USD now trades at 1.4546, around the same levels as before the release. USD/JPY is on the rise, reversing some of its early losses. USD/CHF is moving up more carefully. Non-Farm Payrolls were a disaster this time: the US economy gained only 54K jobs, about a third of early and lowered expectations. Also the unemployment rate disappointed with a rise to 9.1%. This made stronger moves in the franc and yen. The euro bounced in both directions and eventually moved higher. Earlier, Greece announced that the EU / ECB / IMF troika completed the inspection positively and that new plans will be laid out soon. This pushed the euro higher. Resistance is at 1.4580 followed by 1.4650. Support is at 1.4520, followed by 1.4450. For more levels and analysis, see the EUR/USD forecast. 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 Forex News Today: Daily Trading News share Read Next Forex Crunches for the Weekend – June 4 Yohay Elam 12 years The US services sector provided some good news for a change: The ISM Non-Manufacturing PMI rose to 54.6 points, exceeding expectations of 53.8 points. This halts the rally of EUR/USD. The services sector is the largest in the US. This indicator is usually released before the Non-Farm Payrolls, providing an important hint. If it would have been released beforehand, it provide wrong guidance. Last month, ISM Non-Manufacturing PMI was a bitter disappointment, falling to 52.8 points and showing a significant slowdown. Well, growth has picked up now, providing some hope. EUR/USD now trades at 1.4546, around the same levels as… 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.
