The headline ISM Non-Manufacturing PMI for the month of August fell to 61.7 from 64.1 a month ago. However, the result was slightly above the consensus estimate of 61.5. Other subindices came in as follows:
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ISM Non-Manufacturing Business Activity: 60.1 (previously: 67.0)
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ISM Non-Manufacturing Employment: 53.7 (previously: 53.8)
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ISM Non-Manufacturing New Orders: 63.2 (previously: 63.7)
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ISM Non-Manufacturing Prices: 75.4 (previously: 82.3)
US500 is currently recovering after declines caused by weak NFP print. Based on previous price actions, the area near 4,538 pts may be a resistance worth to watch (here seen on M15 interval). Source: xStation5
NFP preview: Economic reality hits
BREAKING: BoE raises interest rates by 25pbs to 4%⏰
Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?
Economic Calendar: Investors Await the Bank of England's Decision 🏛️
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