Trading Tactics Daily Forex Outlook – US Manufacturing expands Lowest Spreads

CURRENCY TRADING SUMMARY – 3 rd November (00:30GMT) U.S. Dollar Trading (USD) was mixed as stocks remained volatile with good data not generating substantial gains in the stock markets. October ISM Manufacturing was 55.7 vs. 53 forecast. September Pending Home Sales gained 6.1%. The Dollar hit day highs at the start of Asia as the market opened Monday on a very shaky footing. In US Stocks, DJIA +76 points closing at 9789, S&P +7 points closing at 1043 and NASDAQ +4 points closing at 2049. Looking ahead, September Factory Orders are forecast at 0.8% vs. -0.8% previously. The Euro (EUR) tested below 1.4700 in Asia but rebounded well as stocks lifted off lows and China’s PMI at 55 showed manufacturing expanded at the fastest pace in 18 months.

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Daily Forex Outlook – US Manufacturing expands

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