The German locomotive is running slow: 51 points in the manufacturing PMI in January, lower than last month and lower than 51.8 points expected. The services PMI comes only marginally above predictions: 52.7 instead of 52.6 predicted. EUR/USD remains depressed around 1.1340. Update: the disappointing manufacturing number seems to weigh on the common currency. The new low is 1.1320. Update: the moves accelerate and EUR/USD falls well below 1.13 Markit’s preliminary German manufacturing purchasing managers’ index for January was expected to tick up from 51.2 to 51.8 points. Services PMI carried expectations for a rise from 52.1 to 52.6 points. The 50 point mark separates growth and contraction. EUR/USD was trading in a very low range between 1.1313 and 1.1375. Earlier we had data for France: manufacturing PMI rose to 49.5 points while services dropped to 49.5 points from above 50 points beforehand. The euro has been hit hard by the big QE program presented yesterday by ECB president Mario Draghi. More: EUR/USD En-Route To 0.96 in 2015 after ECB Delivers – TD 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 ECB’s announcement weakens major currencies FxPro - Forex Broker 7 years The German locomotive is running slow: 51 points in the manufacturing PMI in January, lower than last month and lower than 51.8 points expected. The services PMI comes only marginally above predictions: 52.7 instead of 52.6 predicted. EUR/USD remains depressed around 1.1340. Update: the disappointing manufacturing number seems to weigh on the common currency. The new low is 1.1320. Update: the moves accelerate and EUR/USD falls well below 1.13 Markit's preliminary German manufacturing purchasing managers' index for January was expected to tick up from 51.2 to 51.8 points. Services PMI carried expectations for a rise from 52.1 to 52.6 points.… 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.
