ISM

The average consensus estimate for the US ISM Services PMI is 50.5, as can be seen in the screenshot below, from the ForexLive Economic Data Calendar, Access it here. I saw Reuters with its forecast at 50.8. Data outcomes that fall outside…

The latest round of US manufacturing PMI releases showed a mixed picture, with S&P Global revising its preliminary readings higher while the closely watched ISM PMI showed a deeper contraction than markets expected: S&P…

The S&P Purchasing Managers' Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus…

There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in…

MON: Spanish Flash CPI (Apr), German Prelim CPI (Apr), EZ Sentiment Survey (Apr); Japan Market Holiday (Showa Day).TUE: FOMC Meeting Commences (Announcement on 1st May), Japanese Retail Sales/Industrial Output (Mar), Chinese NBS PMIs (Apr),…

On Monday’s New York session, the U.S. ADP non-farm employment change printed stronger than expected gains of 184K versus the consensus at 148K for March. This was also better than the previous increase of 155K, which already enjoyed an…

The ISM non-manufacturing index (lowest since March 2020) has reversed the US dollar and yields. The Dow has also moved positive after the report. The S&P and NASDAQ and are also now positive. Dow industrial average up 103…

On Monday’s New York session, the U.S. ISM manufacturing PMI surprised to the upside, as it climbed from 47.8 to 50.3 for the month of March. This surpassed the consensus at 48.5, reflecting a return to industry growth for the first time…

The EUR/USD and GBP/USD pairs didn't react much to the services PMIs released today for the U.K. and the eurozone with the market now waiting for this week's ECB meeting. AUD/USD continued to lose ground during the European session but…

USD/JPY FORECASTUSD/JPY trades higher on Monday, supported by rising U.S. Treasury yieldsThe week is marked by high-impact events that could trigger market volatilityPowell's testimony before Congress and the NFP report will take center…