The ISM Services PMI for the US jumped to 61.90 in September from 61.7 in the previous month, beating analysts’ expectations of 61.3. Today's reading pointed to a robust growth in the services sector, although the ongoing challenges with labor resources, logistics, and materials are affecting the continuity of supply.
- Employment 53.0 vs 53.7 prior
- New orders 63.5 vs 63.2 prior
- Prices paid 77.5 vs 75.4 prior
- Business activity 62.3 vs 60.1 prior
- Backlog of orders 61.9 vs 61.3 prior
- New export orders 59.5 vs 60.6 prior
- Imports 47.7 vs 48.7 prior
- Inventories 46.1 vs 46.9 prior
EURUSD fell below 1.1600 level after today's data releases and is heading towards next support at 1.1564. Source:xStation5
Daily summary: Nasdaq 100 drops 3%, precious metals and Bitcoin are falling amid US dollar strength
NFP: A turning point for the dollar and the start of a stock market correction?
BREAKING: US Payrolls Skyrocket 🚀 🇺🇸 EURUSD Slumps 0.2% 📉
Economic Calendar: NFP Report from the US Labor Market Takes Center Stage