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BREAKING: Services ISM below 50-point barrier; but we note another jump in price sub-index 💡

3:02 PM 3 May 2024

02:45 pm BST - PMI report for the U.S. services sector for April. Actual: 51.3. Expected: 50.9 Previously: 51.7.

03:00 pm BST - ISM report for the US service sector for April. Actual: 49.4 Expected: 52.0. Previously: 51.4.

  • Employment sub-index. Actual: 45.9 Previously: 48.5.
  • Price sub-index. Actual: 59.2 Previously: 53.4.

Mixed data that does not make it easy for the EURUSD pair to determine its direction. For the moment, however, the dollar is regaining some ground as a higher price subindex reinforces pro-inflationary tensions. 

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