4:06 PM · 4 November 2020

US ISM Non-Manufacturing PMI below expectations

The ISM Non-Manufacturing PMI for the US fell to 56.6 in October of from 57.8 in the previous month, below analysts’ expectations of 57.5.
The reading pointed to the fifth straight month of expansion in the services sector but the slowest growth since May.

EURUSD broke above 1.1700 level after today's data release and is heading towards 1.1760 resistance level. Source: xStation5

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Large decline in crude inventories 🛢️📉

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