The markets ignored weakness in French manufacturing PMI, but it is sliding on German manufacturing PMI that stands on 50 flat – no growth, vs. 51.5 expected. Services is also below expectations at 52.1 instead of 54.5 expected. The composite PMI is naturally below predictions. EUR/USD slides in range, falling away from the 1.2570 line to below 1.2550, and this comes despite some pressure on the greenback. German manufacturing PMI was expected to stand at 51.5 points and services at 54.5 in the preliminary reads from Markit for November. Both are similar to levels seen in October. EUR/USD traded under resistance at 1.2570, rising on some wide dollar weakness after earlier rises due to the FOMC meeting minutes. Earlier, French manufacturing PMI disappointed with 47.6 points in November, lower than 48.9 expected. Services came out at 48., marginally above predictions for 48.6 estimated. We later have the all-European PMIs, but they carry less weight after the publications for the biggest two countries. The official expectations are probably higher now than real expectations. More: EUR/USD: 1.2612/14 Key; Cable: Further Recoveries For Sale – JP Morgan And here is how it looks in the chart: 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 UK retail sales jump 0.8% – GBP/USD follows Yohay Elam 8 years The markets ignored weakness in French manufacturing PMI, but it is sliding on German manufacturing PMI that stands on 50 flat - no growth, vs. 51.5 expected. Services is also below expectations at 52.1 instead of 54.5 expected. The composite PMI is naturally below predictions. EUR/USD slides in range, falling away from the 1.2570 line to below 1.2550, and this comes despite some pressure on the greenback. German manufacturing PMI was expected to stand at 51.5 points and services at 54.5 in the preliminary reads from Markit for November. Both are similar to levels seen in October. EUR/USD traded under… 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.
