Better than expected data from the US: the ISM Manufacturing PMI jumped by 1.5 points to 54.7, better than 53.2 predicted. The prices paid component jumps to 65.5. New orders are up to 60.2. Also, the employment component is looking good with 53.1 instead of 52.5 expected. This is a positive sign for Friday’s Non-Farm Payrolls report. In a separate publication, construction spending is also beating projections, rising by 0.9% instead of 0.6% estimated and on top of an upwards revision worth 0.1%. The USD is higher, with EUR/USD hitting new lows for the day. The US ISM Manufacturing PMI was expected to rise from 53.2 points in November to 53.7 points in December. Similar purchasing managers’ indices for China as well as the UK beat expectations. The US dollar started 2017 with a resumption of the rises, after taking a break during the holidays. EUR/USD dropped back under 1.04, GBP/USD struggled to rise in spite of good data and USD/JPY tops 118 once again. Also among commodity currencies, we are seeing the loonie failing to advance even though oil prices are at 18 month highs and the Aussie only briefly enjoyed the Chinese data. Earlier, Markit’s parallel manufacturing PMI saw a minor upgrade from 54.2 to 54.3 points. More: 2017 – when politics beats central banks 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 at new 14-year lows after US data Yohay Elam 6 years Better than expected data from the US: the ISM Manufacturing PMI jumped by 1.5 points to 54.7, better than 53.2 predicted. The prices paid component jumps to 65.5. New orders are up to 60.2. Also, the employment component is looking good with 53.1 instead of 52.5 expected. This is a positive sign for Friday's Non-Farm Payrolls report. In a separate publication, construction spending is also beating projections, rising by 0.9% instead of 0.6% estimated and on top of an upwards revision worth 0.1%. The USD is higher, with EUR/USD hitting new lows for the day. The US ISM Manufacturing PMI… 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.
