The European Single Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 5 pips or 0.04% during a minute, right after the release. In the next minutes the rate was trading at the 1.1595 area.
The Institute for Supply Management released the US ISM Manufacturing PMI data that came out lower-than-expected of 59.8, compare to forecasted 60.1.
Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management says: "Export orders expanded, but four major industries are no longer contributing. Price pressure continues, but the index softened for the fourth straight month and dropped below 70 for the first time since December 2017. Demand remains robust, but employment resources and supply chains continue to struggle, but to a lesser degree. "
| Historical Data Table: ISM Manufacturing PMI | Economic Calendar for 02.10.2018 | ||||||||
| Date | 01.06.2018 | 02.07.2018 | 05.07.2018 | 04.09.2018 | 01.10.2018 | 4:30 AM | AUD RBA Rate Statemen | ||
| Actual | 58.7 | 60.2 | 59.1 | 61.3 | 59.8 | 8:30 AM | UK Construction PMI | ||
| Forecast | 58.3 | 58.2 | 58.3 | 57.6 | 60.1 | 16:45 PM | US Fed Chair Powell Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.72154 | 0.72175 | 0.03% | AUD/USD | 70.01% | 29.99% | |||
| EUR/USD | 1.16027 | 1.16076 | 0.04% | EUR/USD | 55.45% | 44.55% | |||
| USD/JPY | 113.977 | 113.907 | -0.06% | USD/JPY | 33.12% | 66.88% | |||
| NZD/USD | 0.66104 | 0.66113 | 0.01% | NZD/USD | 63.10% | 36.90% | |||