BREAKING: US Manufacturing PMI rise unexpectedly

2:52 PM November 23, 2020

US Manufacturing PMI increased to  56.7 in November from 53.4 in October, above analysts’ expectations of 53.0. The reading pointed to the continuing expansion in factory activity since February amid a marked rise in output, largely driven by a notable uptick in new business as demand conditions improved.

US Services PMI rose to 57.7 in November from 56.9 in the previous month, above market consensus of 55.5. The latest reading pointed to the strongest expansion in output since March 2015, boosted by the fastest increase in new orders since September 2018 and the strongest employment growth since data collection began in October 2009.

EURUSD broke below the support at 1.1890 after today's data releases and is heading towards 1.1863 support level. Source: xStation5 



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