The manufacturing sector in the US continues growing: the purchasing managers index rose to 51.6 points in September, exceeding expectations of a score of 50.5 and defying rumors of a number below 50 which represents contraction. The dollar is stronger against the Japanese yen and weaker against the euro – a classic risk appetite trade. Looking at the internal numbers of the ISM Manufacturing PMI, we see a rise in the production index after it contracted in August. New orders remained under 50, in contraction zone. This is not a great report, but with all the recession warnings, it’s a point of light. This figure raises the chances of a gain in jobs in Friday’s Non-Farm Payrolls reports. With Europe showing weakness and worrying signs from China, some good news from the US will eventually help the dollar. Also Britain posted a positive surprise in its manufacturing PMI: it was expected to remain under 50, and jumped above this number, showing a return to growth, at least temporarily. The gains in the euro related to the this event will likely be limited, as the pair is much more sensitive to Greek news than to US figures these days. For more about EUR/USD, see the euro dollar forecast. Also another US figure exceeded predictions: Construction Spending rose by 1.4%, significantly higher than a drop of 0.1% that was estimated. 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 EUR/USD Free Falling on Never Ending Greek Worries Yohay Elam 11 years The manufacturing sector in the US continues growing: the purchasing managers index rose to 51.6 points in September, exceeding expectations of a score of 50.5 and defying rumors of a number below 50 which represents contraction. The dollar is stronger against the Japanese yen and weaker against the euro - a classic risk appetite trade. Looking at the internal numbers of the ISM Manufacturing PMI, we see a rise in the production index after it contracted in August. New orders remained under 50, in contraction zone. This is not a great report, but with all the recession warnings, it's… 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.