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2:08 PM · 5 October 2021

BREAKING: US Services ISM rises unexpectedly

EUR/USD
Forex
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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  

 

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