BREAKING: US Manufacturing PMI above expectations

2:50 PM January 22, 2021

US Manufacturing PMI (flash) increased to 59.1 in January from 57.1 in December, above analysts’ expectations of 56.5. The reading pointed to the continuing expansion in factory activity since February. The reading pointed to a record expansion in factory activity, preliminary estimates showed. Both production and new exports orders where the highest since 2014 and job creation was the strongest in 2 years.

US Services PMI (flash) rose to 57.5 in January from 54.8 in the previous month, above  market consensus of 53.6. The latest reading pointed to the fourth consecutive expansion in the services sector.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around the 1.2160 level. Source: xStation5

 

Share:
Back

Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits