US ISM Non-Manufacturing PMI above expectations

3:05 PM August 5, 2020
The ISM Non-Manufacturing PMI for the US jumped to 58.1 in July of  from 57.1 in the previous month, beating analysts’ expectations of 55.0.  The reading pointed to the biggest increase in services activity since February before the coronavirus crisis. 
 
Business activity 67.2 vs. 66.0 last month, new orders 67.7 vs. 61.6 last month, backlog of orders 55.9 vs. 51.9 last month, employment fell to 42.1 from 43.1 last month, new export orders 49.3 vs. 58.9 last month, imports 46.3 vs. 52.9 last month, supplier deliveries 55.2 vs. 57.5 last month, inventory change 52.0 vs. 60.7 last month, inventory sentiment 50.0 vs. 55.9 last month
 
EURUSD  rose after today's data releases and is heading toward  1.1912 resistance level. Source: xStation5
 
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