French manufacturing PMI rose nearly two points to 48.8. Services PMI slipped nearly one point to 49.4. While both indicators are in contraction zone, the overall result is better than expected. EUR/USD is now rising above 1.2850, well within the range. Markit’s preliminary purchasing managers’ indicator for the manufacturing sector was expected to show a rise from 46.9 to 47.1 points in September. For the services sector, a tick down 50.3 to 50.2 was expected. Towards the publication, EUR/USD traded just under 1.2850. Later on we have data for Germany and then for the whole euro-zone. Earlier, Chinese PMI came out better than expected. It is important to note that while PMIs have a significant impact on markets, these forward looking indices are not always correct: they did not predict the German GDP contraction in Q2. EUR/USD has been consolidating in range, between the lows of 1.2820 and 1.2870, still suffering from the poor TLTRO and the FOMC related dollar rally last week. 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 EUR/USD Sep. 23 – Moves higher in range as PMIs pour in Yohay Elam 7 years French manufacturing PMI rose nearly two points to 48.8. Services PMI slipped nearly one point to 49.4. While both indicators are in contraction zone, the overall result is better than expected. EUR/USD is now rising above 1.2850, well within the range. Markit's preliminary purchasing managers' indicator for the manufacturing sector was expected to show a rise from 46.9 to 47.1 points in September. For the services sector, a tick down 50.3 to 50.2 was expected. Towards the publication, EUR/USD traded just under 1.2850. Later on we have data for Germany and then for the whole euro-zone. Earlier, Chinese PMI came… 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.
