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
- 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.
Daily Summary: Wall Street Regains Ground; Another Intervention in the Yen Market❓
Three Markets to Watch Next Week (July 31, 2026)
Market Wrap: European equities at 3-week highs! Apple dips in US premarket!
Euro Area core inflation above estiamtes! EURUSD under key resistance!