The purchasing managers’ index for the non-manufacturing (services) sector stands on 56 in February, according to ISM. Early expectations stood on a minor slide from 55.2 to 55, well within growth territory. Also the employment component remained very strong: it slid from 57.5 to 57.2, not a significant change. The important new orders sub component jumped from 54.4 to 58.2 points and provides hope for the future. A figure above 50 represents growth, while a number under 50 represents contraction. The services sector is by far the largest in the US, and this indicator, especially its employment component, provides an important hint towards the Non-Farm Payrolls. EUR/USD is ticking lower after the publication. All in all, this is a great report. Last week, the manufacturing PMI headline was good, but the employment component wasn’t too exciting: while remaining in growth territory, it was lower than in January. EUR/USD traded higher, around 1.3050, escaping the 1.30 it battled with earlier in the week. GBP/USD also rose, enjoying a better than expected services PMI. Further reading: A moment of “risk on” 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 Forex Daily Outlook March 6 2013 Anat Dror 10 years The purchasing managers' index for the non-manufacturing (services) sector stands on 56 in February, according to ISM. Early expectations stood on a minor slide from 55.2 to 55, well within growth territory. Also the employment component remained very strong: it slid from 57.5 to 57.2, not a significant change. The important new orders sub component jumped from 54.4 to 58.2 points and provides hope for the future. A figure above 50 represents growth, while a number under 50 represents contraction. The services sector is by far the largest in the US, and this indicator, especially its employment component, provides an… 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.