Markit’s French manufacturing PMI falls to 47.3 points, worse than expected. The services PMI is also unimpressive at 48.1 points. This points to contraction. On the other hand, we have good news from Spain: the unemployment rate fell from 24.5% to 23.7%, significantly better than expected. EUR/USD is extending its slide, falling to 1.2625.Update: EUR/USD extends its falls below 1.2620. Update: German manufacturing PMI returns to growth – EUR/USD bounces up Markit’s manufacturing purchases managers’ index (PMI) for France’s manufacturing sector was expected to tick down from 48.8 to 48.6 points. The services PMI was predicted to slide from 48.4 to 48.2 points. The 50 point mark separates growth and contraction. EUR/USD was pressured towards the release, trading around 1.2630. The numbers for Germany are released in 30 minutes. See how to trade the German manufacturing PMI with EUR/USD. Later today we have jobless claims from the US. They are of special interest after the figure fell to the lowest since the year 2000 last week. What is the next direction of the euro? The most recent opinion we posted is:2 Reasons For Staying Bearish EUR/USD Targeting 1.25 – Deutsche Bank 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 German manufacturing PMI returns to growth – EUR/USD bounces Yohay Elam 7 years Markit's French manufacturing PMI falls to 47.3 points, worse than expected. The services PMI is also unimpressive at 48.1 points. This points to contraction. On the other hand, we have good news from Spain: the unemployment rate fell from 24.5% to 23.7%, significantly better than expected. EUR/USD is extending its slide, falling to 1.2625.Update: EUR/USD extends its falls below 1.2620. Update: German manufacturing PMI returns to growth - EUR/USD bounces up Markit's manufacturing purchases managers' index (PMI) for France's manufacturing sector was expected to tick down from 48.8 to 48.6 points. The services PMI was predicted to slide from 48.4… Top 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.
