A stronger than expected data point for the US service sector has provided a further boost to the buck which was already trading higher on the day and has appreciated further since the release.
-
ISM non-manufacturing PMI: 54.7 vs 53.5 exp. 52.6 prior
-
Prices paid 56.6 vs 60.0 prior
-
New orders: 55.6 vs 53.7 prior
-
Employment: 53.7 vs 50.4 prior
This is a solid set of figures all round and comfortably better than expected with not only the headline improving more than expected but also the new orders and employment components rising from the September reading.
Last Friday saw the ISM manufacturing PMI come in at 48.3, slightly below the 49.0 expected and the 3rd consecutive sub 50 reading for this metric.
USDJPY has moved above the 109 handle since the release with the market closing in on the 109.05-109.35 prior resistance zone once more. Source: xStation
Daily Summary: CPI down, Markets Up
3 markets to watch next week (24.10.2024)
BREAKING: US PMI above expectations! 📈🔥EURUSD declines!
BREAKING: US CPI lower than expected! 🚨EURUSD climbs higher!🔥
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
