The US Servies sector disappoints: ISM Non-Manufacturing PMI dropped from 56 to 53.5 points, lower than a small slide to 55.5 that was expected. Also the employment component falls from 56.7 to 54.2 points. This is still in growth territory, but quite worrying: the services sector is the largest in the US economy. The dollar slides together with the indicator: EUR/USD ticks higher. The report shows that inventory remained unchanged, new orders fell significantly to 53.5, price rises fell dramatically to 53.6 and the backlog of orders went from small contraction to small growth. Note that all these figures, that are above 50 points, point to growth. 50 is the border between growth and contraction. Other job figures towards the NFP: ISM Manufacturing PMI came out better than expected earlier in the week, and more importantly, the employment component moved higher, in the “strong growth” territory. The ADP report for the private sector disappointed with a gain of only 119K, much lower than expected. Weekly jobless claims finally returned to the previous range, falling from a revised high of 392K last week to 365K this time. See how to trade the Non-Farm Payrolls with EUR/USD. 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 May 4 2012 Anat Dror 11 years The US Servies sector disappoints: ISM Non-Manufacturing PMI dropped from 56 to 53.5 points, lower than a small slide to 55.5 that was expected. Also the employment component falls from 56.7 to 54.2 points. This is still in growth territory, but quite worrying: the services sector is the largest in the US economy. The dollar slides together with the indicator: EUR/USD ticks higher. The report shows that inventory remained unchanged, new orders fell significantly to 53.5, price rises fell dramatically to 53.6 and the backlog of orders went from small contraction to small growth. Note that all these figures, that… 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.