The ISM Non-Manufacturing PMI for the US decreased to 62.7 in April from all-time high of 63.7 in the previous month, below analysts’ expectations of 64.3.
New orders 63.7 vs 67.2 prior
Prices paid 76.8 vs 74.0 prior (highest since at least 2008)
Employment 58.8 vs 57.2 prior
EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair fell slightly below 1.20 level. Source: xStation5
Daily summary: massive selloff in crypto; Fed cut in December 💵
Three market to watch next week (21.11.2025)
BREAKING: UoM report suggests a decline in inflation expectations 📌
BREAKING: US PMI beats expectations slightly; EURUSD with no reaction 📌