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BREAKING: Final services ISM PMI reading clearly above forecasts!

4:02 PM 5 February 2024

US ISM Services Index Jan: 53.4 (est 52.0; prevR 50.5)

- ISM Services Prices Paid Jan: 64.0 (prevR 56.7)

- ISM Services Employment Jan: 50.5 (prevR 43.8)

- ISM Services New Orders: 55.0 (prev 52.8)

Final PMI data reinforces the move away from valuations for a March interest rate cut, strengthening the dollar and spoiling sentiment on stock indices. Source: XTB 

EURUSD pair loses sharply after ISM PMI data reading and extends downward wave. Source: xStation 

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