{"id":48038,"date":"2014-03-03T12:28:49","date_gmt":"2014-03-03T17:28:49","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48038"},"modified":"2014-03-03T10:56:57","modified_gmt":"2014-03-03T15:56:57","slug":"non-manufacturing-pmi-data-eurusd-scenarios","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/03\/non-manufacturing-pmi-data-eurusd-scenarios\/","title":{"rendered":"Non-Manufacturing PMI Data: Eur\/Usd Scenarios"},"content":{"rendered":"<p>United States ISM Non-Manufacturing PMI data is due at 15:00 GMT on Wednesday.\u00a0High volatility is likely in the financial markets if the actual reading comes better or worse than expectations.\u00a0EUR\/USD is expected to be the most affected pair because Eurozone\u2019s growth data is also due on the same day. A higher reading means there was expansion in the US services sector, the largest economic sector for the United States. This translates to a rise in the US stock market and strengthening of the US dollar.<\/p>\n<p>Therefore, EUR\/USD will likely be the most volatile pair on Wednesday. For the week, 1.3891 and 1.3524 are the two resistance and support levels, respectively, for the EUR\/USD for this week. If Eurozone GDP comes in higher than expectations and US non-manufacturing PMI misses its forecast, then it could possibly prove to be a good strategy to buy EUR\/USD at 1.3891.<\/p>\n<p>Written by Daniel Elo, Independant Analyst for <a title=\"www.EconomicCalendar.com\" href=\"http:\/\/www.economiccalendar.com\/2014\/03\/03\/us-non-manufacturing-pmi-expectations-impact-and-trade-ideas\/\">www.EconomicCalendar.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States ISM Non-Manufacturing PMI data is due at 15:00 GMT on Wednesday.\u00a0High volatility is likely in the financial markets if the actual reading comes better or worse than expectations.\u00a0EUR\/USD is expected to be the most affected pair because Eurozone\u2019s growth data is also due on the same day. A higher reading means there was &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/03\/non-manufacturing-pmi-data-eurusd-scenarios\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Non-Manufacturing PMI Data: Eur\/Usd Scenarios&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48038","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48038"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48038\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}