The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI data release on Thursday at 14:00 GMT. The EUR/USD exchange currency rate gained 12 pips or 0.10% right after the release. The Euro continued trading at the 1.1055 level against the Greenback.
Institute for Suppy Management released the US ISM Manufacturing PMI data, which came out worse-than-expected of 51.2 compared with the forecast of 52.0.
Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee commented: "The July PMI registered 51.2 percent, a decrease of 0.5 percentage point from the June reading of 51.7 percent. Respondents expressed less concern about U.S.-China trade turbulence, but trade remains a significant issue. More respondents noted supply chain adjustments as a result of moving manufacturing from China. Overall, sentiment this month is evenly mixed."
| Date | 01.03.19 | 01.04.19 | 01.05.19 | 03.06.19 | 01.08.19 |
|---|---|---|---|---|---|
| Actual | 54.2 | 55.3 | 52.8 | 52.1 | 51.2 |
| Forecast | 55.6 | 54.4 | 55.0 | 53.0 | 52.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.68396 | 0.68487 | 0.13% |
| EUR/USD | 1.10437 | 1.10532 | 0.09% |
| NZD/USD | 0.65477 | 0.65559 | 0.13% |
| USD/JPY | 108.509 | 108.337 | -0.16% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.5% | 29.5% |
| EUR/USD | 38.3% | 61.7% |
| NZD/USD | 61.9% | 38.1% |
| USD/JPY | 63.5% | 36.5% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Retail Sales m/m | 0.3% | 0.1% |
| 12:30 | CAD | Trade Balance | -0.3B | 0.8B |
| 12:30 | USD | Unemployment Rate | 3.6% | 3.7% |