Forex traders received another healthy dose of global PMI reports which spanned from Australian through the Eurozone into the US. The trend which started in 2018 continued as more and more global PMI reports come in below expectations. This all points towards a steeper economic slowdown than many analysts and economists anticipated. A lot of traders have not fully priced in the effects of this slowdown. Central banks are likely to turn more dovish and follow the US Fed 180 degree policy change which will have ripple effects across the global financial system.