The US dollar was already recovering in the wake of the second quarter, perhaps also feeling festive ahead of the 4th of July fireworks. The data gave it another reason to be cheerful. The ISM Manufacturing PMI came out at 57.8 points, much higher than 55 that was anticipated. The employment component jumped to 57.2, indicating hiring in the sector and a positive sign for Friday’s Non-Farm Payrolls. New orders came out at a sky-high level of 63.5 points, reflecting robust growth. Prices paid slipped to 55 points, but this indicator is quite volatile. Markit’s final manufacturing PMI came out at 52, a tick down from 52.1 originally reported. Construction spending remained flat, below 0.3% that was expected. Nevertheless, the ISM figure remained dominant. EUR/USD has reached a new low at 1.1360, a former line of resistance. It still remains well above the pre-Draghi levels. EUR/USD is in a three-wave pattern. GBP/USD is down to 1.2940, also impacted by the UK manufacturing PMI, which was disappointing. The greenback marches forward against the yen, extending the gains towards 1.13.30. This is a six-week high for USD/JPY. USD/CAD is at 1.2980, with the loonie presenting some relative strength. AUD/USD is down to 0.7650 despite the upbeat Chinese PMI. Is the beginning of a rally for the dollar? Not necessarily. After the Independence Day parties, the US dollar faces a few hurdles: the FOMC meeting minutes and the Non-Farm Payrolls. More: We didn’t start the fire: Trading in an evolving economy 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 AUD: Bulls Beware; Market Expects Too Much From RBA – Yohay Elam 6 years The US dollar was already recovering in the wake of the second quarter, perhaps also feeling festive ahead of the 4th of July fireworks. The data gave it another reason to be cheerful. The ISM Manufacturing PMI came out at 57.8 points, much higher than 55 that was anticipated. The employment component jumped to 57.2, indicating hiring in the sector and a positive sign for Friday's Non-Farm Payrolls. New orders came out at a sky-high level of 63.5 points, reflecting robust growth. Prices paid slipped to 55 points, but this indicator is quite volatile. Markit's final manufacturing PMI came out… 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.
