ISM Manufacturing PMI disappoints with 53.7 points in March. This is a smaller than expected rise. The ISM Manufacturing PMI was expected to rise to 54.2 points in March after 53.2 in February. This is the first important hint towards the official Non-Farm Payrolls report on Friday. The employment component is of special interest and it disappointed with a score of only 51.1 points, the lowest since June. Before the release, currencies were going in different directions: EUR/USD flirted with 1.38, GBP/USD was under 1.6650 and USD/JPY climbed above 103.40. The dollar is marginally stronger against the euro and the yen, despite the slight disappointment. Earlier, Markit’s final Manufacturing PMI for March was left unchanged at 55.5 points. The manufacturing sector is small in the US, but it still carries weight. Â A score above 50 reflects growth. At the same time, construction spending was released, and it was predicted to rise 0.2% after 0.1% beforehand but the actual result was a rise of 0.1%. IBD/TIPP Economic Optimism was also forecast to advance, from 45.1 to 46.3 points but actually rose to 48 points. Join me for a webinar about currency movements in Q2, starting at 15:00 GMT. It is held free of charge. 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 AUD/USD Loses Upside Momentum, Targets Further Weakness. FX Tech Strategy 8 years ISM Manufacturing PMI disappoints with 53.7 points in March. This is a smaller than expected rise. The ISM Manufacturing PMI was expected to rise to 54.2 points in March after 53.2 in February. This is the first important hint towards the official Non-Farm Payrolls report on Friday. The employment component is of special interest and it disappointed with a score of only 51.1 points, the lowest since June. Before the release, currencies were going in different directions: EUR/USD flirted with 1.38, GBP/USD was under 1.6650 and USD/JPY climbed above 103.40. The dollar is marginally stronger against the euro and the… 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.
