The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI data release on Wednesday at 14:00 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.04% right after the release. The Euro continued trading at 1.1295 the level against the Greenback.
Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1.
According to the official release: "The NMI registered 55.1 percent, which is 1.8 percentage points lower than the May reading of 56.9 percent. This represents continued growth in the non-manufacturing sector, at a slower rate. This is the index's lowest reading since July 2017, when it registered 55.1 percent. According to the NMI, 16 non-manufacturing industries reported growth. Although the non-manufacturing sector's growth rate dipped in June, the sector continues to reflect strength. The comments from the respondents reflect mixed sentiment about business conditions and the overall economy. A degree of uncertainty exists due to trade and tariffs."
| Date | 03.04.19 | 03.05.19 | 05.06.19 | 01.07.19 | 03.07.19 |
|---|---|---|---|---|---|
| Actual | 56.1 | 55.5 | 56.9 | 51.7 | 55.1 |
| Forecast | 58.1 | 57.2 | 55.6 | 51.3 | 56.1 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70282 | 0.70295 | 0.02% |
| EUR/USD | 1.12913 | 1.12939 | 0.02% |
| NZD/USD | 0.67026 | 0.67044 | 0.03% |
| USD/JPY | 107.753 | 107.725 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 56.9% | 43.1% |
| EUR/USD | 29.4% | 70.6% |
| NZD/USD | 58.6% | 41.4% |
| USD/JPY | 70.9% | 29.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Retail Sales m/m | 0.2% | -0.1% |
| 3:35 | JPY | 30-y Bond Auction | - | 0.32|3.5 |
| 9:00 | EUR | Retail Sales m/m | 0.4% | -0.4% |