The Philly Fed Manufacturing Index came out at 20.7 points, marginally above expectations. The NAHB Housing Market Index slid to 54 points, below expectations. The dollar is marginally lower in the immediate response. We may see stronger moves later on. The Philly Fed Manufacturing Index for October was expected to tick down to 20 points from 22.5 points last month. However, the weak Empire State figure may have reduced real expectations. The NAHB Housing Market Index was expected to remain unchanged at 59 points. Good data didn’t really help the dollar earlier, but the greenback did strengthen before the release — more coming Industrial output rose by 1% in August, much better than 0.4% expected. The Capacity Utilization Rate rose from 78.3% to 79.3%, above expectations as well. And beforehand, we had the best jobless claims in 14 years: they plunged to 264K, better than all estimates. Markets remain extremely volatile after the extreme USD sell off yesterday. 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 Bullard not bullish; Suggests keeping QE in October – Yohay Elam 7 years The Philly Fed Manufacturing Index came out at 20.7 points, marginally above expectations. The NAHB Housing Market Index slid to 54 points, below expectations. The dollar is marginally lower in the immediate response. We may see stronger moves later on. The Philly Fed Manufacturing Index for October was expected to tick down to 20 points from 22.5 points last month. However, the weak Empire State figure may have reduced real expectations. The NAHB Housing Market Index was expected to remain unchanged at 59 points. Good data didn't really help the dollar earlier, but the greenback did strengthen before the release… 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.
