The US services sector slowed slightly in September — the ISM Services Index fell to 54.9 points from 55.4 points previously and the expected 55.0 points, indicating that expansion remains solid, albeit somewhat weaker. A positive surprise came from the employment sub-index, which returned above the 50-point mark (50.1 points from 47.8 points), signalling a recovery in labour demand. On the other hand, new orders fell to 59.8 points, whilst price pressure remains high — the prices paid sub-index rose to 74 points, keeping inflation concerns alive. Despite persistent price pressures, the overall picture of a slightly cooler economic climate limits the scope for hawkish rhetoric from the Fed. In response, the euro is gaining slightly against the dollar, as the market is pricing in a lower risk of a more restrictive stance from the US Federal Reserve.
Source: XTB
US Open: Wall Street Pushes Back Expectations of Another Fed Hike
Weak Eurozone Retail Sales 📉 Is Fuel Demand Falling?
Oil falls below $100🚨
Economic Calendar: Retail Sales and Fed Speakers in Focus (06.10.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.