The US economy is clearly taking a turn for the worse. The ISM index for services falls to 51.2 points with an expectation of 54.5 and the previous level of 55.1.
Non-manufacturing ISM for May and US factory orders for April
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Create account Try a demo Download mobile app Download mobile app- Non-Manufacturing Index, actual 50.3 points (expected:52.3, previous: 51.9)
- Employment: 49.2 (previous: 50.8)
- Prices: 56.2 (previous: 59.6)
EURUSD ticks higher following the publication of ISM and durable goods orders. After the publication, markets assess lower chances of the next rate hike by the FED, indicating a weaker US economy.
