Mixed results from the US services sector: the headline number is 57.1 points, lower than expected, but the employment component is at 59.6 points, the highest in nearly a decade, reflecting very strong job growth.Will we have a blockbuster jobs report on Friday? Currencies are mixed, with each one running on its own. EUR/USD is especially tight in anticipation of tomorrow’s ECB meeting. The new orders component is down to 59.1 points and prices paid are down to 52.1 points. Thanks to Adam Button of Forex Live for noting that the employment component is at the highest since 2005. The ISM Non-Manufacturing PMI was expected to stand at 58.2 points, slightly down from 58.6 in September, and still reflecting strong growth. The services sector is the largest in the US, and the employment component is a big hint towards Friday’s Non-Farm Payrolls. Before the publication, EUR/USD traded around 1.2490, USD/JPY around 114.75, GBP/USD around 1.5965, AUD/USD just under 0.86 and USD/CAD at 1.1433. Earlier, Markit’s final services PMI for October was revised to 57.1 from 57.3 initially reported. ISM carries more weight in US markets. And beforehand, the ADP NFP beat expectations with a rise of 230K jobs in October in the private sector. More: EUR/USD: Holding 78.6% Fibo But Stay Bearish & Short – Credit Suisse Are US wage hikes around the corner? March hike on the cards 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 USD storming ahead: AUD/USD and EUR/USD vulnerable to breakdowns Gregor Horvat 7 years Mixed results from the US services sector: the headline number is 57.1 points, lower than expected, but the employment component is at 59.6 points, the highest in nearly a decade, reflecting very strong job growth.Will we have a blockbuster jobs report on Friday? Currencies are mixed, with each one running on its own. EUR/USD is especially tight in anticipation of tomorrow's ECB meeting. The new orders component is down to 59.1 points and prices paid are down to 52.1 points. Thanks to Adam Button of Forex Live for noting that the employment component is at the highest since 2005. The… Top 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.
