German manufacturing PMI dropped to 47.9 points while it was expected to remain unchanged at 49 points. Services PMI dropped back to negative territory: to 49.2 points while it was predicted to tick up from 50.9 to 51.1 points. A score of 50 points separates contraction and growth. EUR/USD was advancing towards the release, rising to around 1.3080 and fell sharply to 1.3025. Update: the pair extends its falls and gets closer to 1.30. Update 2: EUR/USD loses 1.30. Earlier, French manufacturing PMI came out at 44.4 points, marginally higher than expectations for 44.2 and also above last month’s 44 points. Services PMI provided a better surprise, rising from 41.3 to 44.1, above expectations of 42.3 points. [do action=”tradingviews” pair=”EURUSD” interval=”60″/]The all-European numbers are due for 8:00 GMT. They are expected to remain between 46 and 47 points. After the disappointing German numbers, expectations are now lower. For more, 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 EUR/USD Loses 1.30 on Hint of Rate Cut and Weak Yohay Elam 9 years German manufacturing PMI dropped to 47.9 points while it was expected to remain unchanged at 49 points. Services PMI dropped back to negative territory: to 49.2 points while it was predicted to tick up from 50.9 to 51.1 points. A score of 50 points separates contraction and growth. EUR/USD was advancing towards the release, rising to around 1.3080 and fell sharply to 1.3025. Update: the pair extends its falls and gets closer to 1.30. Update 2: EUR/USD loses 1.30. Earlier, French manufacturing PMI came out at 44.4 points, marginally higher than expectations for 44.2 and also above last month's 44… 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.
