Better than expected data from the UK: the manufacturing sector is growing at a faster pace according to the manufacturing PMI: 55.1 points. Markit was expected to report a minor rise in the purchasing managers’ index for the manufacturing sector in July, from 54.3 to 54.4 points. Pound/dollar is moving up, trading some 10 pips above the pre-release levels. Here is the 30-minute chart: GBP/USD was trading around 1.32, still enjoying the great weakness of the US dollar. The peak was 1.3234. There are two additional PMIs coming up: construction and services. The bigger event this week is the BOE decision on Thursday. This is a “Super Thursday” event. It also includes the Quarterly Inflation Report. More: GBP/USD forecast 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 Euro-zone GDP rises 0.6% in Q2, as expected – EUR/USD Yohay Elam 6 years Better than expected data from the UK: the manufacturing sector is growing at a faster pace according to the manufacturing PMI: 55.1 points. Markit was expected to report a minor rise in the purchasing managers' index for the manufacturing sector in July, from 54.3 to 54.4 points. Pound/dollar is moving up, trading some 10 pips above the pre-release levels. Here is the 30-minute chart: GBP/USD was trading around 1.32, still enjoying the great weakness of the US dollar. The peak was 1.3234. There are two additional PMIs coming up: construction and services. The bigger event this week is the BOE… 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.
