French manufacturing PMI dropped only a bit: from 50.9 to 50.7 points, better than expected. And services PMI even advanced: from 51.9 to 52.3 points. Is the weaker euro helping France recover more than previously predicted? Perhaps the VW crisis could be a boon for French car manufacturers? In any case, these forward looking figures reflect expectations for growth. EUR/USD remains on low ground, hardly clinging to 1.11. Update: German manufacturing PMI at 51.6 as expected France, Europe’s second largest economy, was expected to see a small downgrade of the manufacturing purchasing managers’ indicators by Markit. The preliminary figures for October were predicted to show a slide from 50.6 to 50.2. The Services PMI carried expectations of remaining unchanged at 51.9 points. EUR/USD was attempting a recovery after the big blow from Draghi. The pair traded around 1.1115 before the release. The president of the ECB not only opened the door to extending QE beyond September 2016, but also to increasing the monthly buys and cutting the already negative deposit rate. This sent EUR/USD around 2% down or well above 200 pips. In 30 minutes, we will get the figures from Germany. See how to trade the German manufacturing PMI with EUR/USD. 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 Digesting Draghi – Live Europe Market Open from 8:00 GMT Yohay Elam 7 years French manufacturing PMI dropped only a bit: from 50.9 to 50.7 points, better than expected. And services PMI even advanced: from 51.9 to 52.3 points. Is the weaker euro helping France recover more than previously predicted? Perhaps the VW crisis could be a boon for French car manufacturers? In any case, these forward looking figures reflect expectations for growth. EUR/USD remains on low ground, hardly clinging to 1.11. Update: German manufacturing PMI at 51.6 as expected France, Europe's second largest economy, was expected to see a small downgrade of the manufacturing purchasing managers' indicators by Markit. The preliminary figures for… 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.
