3:05 PM · 5 May 2021

BREAKING: US Services ISM index below expectations

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

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Large decline in crude inventories 🛢️📉

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