US Data Backup

After the below expectation data of US ISM Manufacturing PMI came in below the boom/bust level of 50. On that action we saw a little bit ok move jerk in EUR/USD about 29 pips and 35 pips movement in GBP/USD. Just follow the chart and see what happened. All the movement came in just 2 min. (just see the spike of 35 pips which is round marked marked).

US ISM Manufacturing PMI data came below the expcatations at 49.3 which is below the boom/bust level against the expected at 51.6. In earlier we had a Core PCE Price Index which is also came in below the expectation at 0.1% against the expected figure of 0.2%.