— more to come Economists expected ISM’s Non-Manufacturing Purchasing Managers’ Index to drop to 54.9 in February from 55.5 in January. See preview. Any score above 50 represents expansion. Projections remain elevated despite the ongoing coronavirus crisis. In China, the Caixin Services PMIs crashed to the lowest on record. The employment component serves as a hint toward Friday’s Non-Farm Payrolls report and was forecast to rise from 53.1 to 54.1 points. New Orders, the forward-looking component, was forecast to increase from 56.2 to 56.3 points. Prices Paid, which provides inflation information, was predicted to drop from 55.5 to 54.5 points. Markit’s final Services PMI was confirmed at 49.4 points. Ahead of the publication, EUR/USD was pressured around 1.11 due to Italy considering closing schools due to the fast spread of coronavirus. GBP/USD was hovering around 1.28 and USD/JPY around 107.30. USD/CAD was trading closer to 1.33. The Bank of Canada has announced its decision at the same time as the ISM Non-Manufacturing PMI publication. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: BoC lowers policy rate by 50 basis points to 1.25%, USD/CAD spikes toward 1.3400 FX Street 2 years -- more to come Economists expected ISM's Non-Manufacturing Purchasing Managers' Index to drop to 54.9 in February from 55.5 in January. See preview. Any score above 50 represents expansion. Projections remain elevated despite the ongoing coronavirus crisis. In China, the Caixin Services PMIs crashed to the lowest on record. The employment component serves as a hint toward Friday's Non-Farm Payrolls report and was forecast to rise from 53.1 to 54.1 points. New Orders, the forward-looking component, was forecast to increase from 56.2 to 56.3 points. Prices Paid, which provides inflation information, was predicted to drop from 55.5 to 54.5 points. … 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.
