Markit’s manufacturing purchasing managers’ index for the UK was predicted to tick up from 56.7 to 56.9 points, remaining in solid growth territory. The 50 point line separates growth from contraction. GBP/USD was sliding towards the release, getting closer to the round number of 1.67. The pair is now back on the move higher, to 16740. This is the first of a series of 3 PMIs. Tomorrow we have the construction PMI, which reached outstanding levels and caused some to doubt if the UK recovery is not too concentrated in the housing sector. On Wednesday, the services PMI is expected to have the biggest impact: this is the largest sector in the UK. A small miss last month resulted in a significant dip for cable. More data: In addition, mortgage approvals surprised to the upside with a rise from 72K to 77K, above 74K expected. M4 Money Supply rose by 0.3%, as expected. Net lending to individuals came out at 2.1 billion, below 2.5 billion predicted. Support is found at 1.6668 and 1.6618. Resistance is at 1.6770. For more, see the GBPUSD forecast. Tensions around the Ukraine are causing some jitters in the markets, with the Swiss franc emerging as the big winner from the clouds of war. 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 Ukraine problems should not get in way of big week FxPro - Forex Broker 8 years Markit's manufacturing purchasing managers' index for the UK was predicted to tick up from 56.7 to 56.9 points, remaining in solid growth territory. The 50 point line separates growth from contraction. GBP/USD was sliding towards the release, getting closer to the round number of 1.67. The pair is now back on the move higher, to 16740. This is the first of a series of 3 PMIs. Tomorrow we have the construction PMI, which reached outstanding levels and caused some to doubt if the UK recovery is not too concentrated in the housing sector. On Wednesday, the services PMI is expected… 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.
