Monday, the United States PMI was released with it’s most negative deviation since August 2011.
The relatively low figure of 51.3 was 3.1 points below the expected 54.2. December was the last time the U.S. saw a figure this low for the PMI (Purchasing Mnager’s Index).
The Euro rose against the USD after the unexpectedly low U.S. manufacturing data.
The EUR/USD is currently at about 1.282.
Euro & U.S. Dollar news this week:
- Wednesday will bring the ADP Non-Farm employment change and the ISM Non-Manufacturing PMI.
- Thursday will be an even bigger day for the EURUSD holding the release of Spanish 10-y Bon Auctions, unemployment claims, and four different members of the United States Federal Reserve speaking.
Please tweet, like, share on linked in, and comment!
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: