DJIA21636.78
LIVE-915.39(-4.06%)
NDX7588.37
LIVE-308.76(-3.91%)

US ISM Non-Manufacturing PMI adds another miss, USD slide continues


Wednesday, 4 December 2019 22:35 WIB

Ekonomi ASISM Non-Manufacturing


c_740_198_16777215_00_images_assets_ECONOMY2_industri-manufaktur-as-kembali-menggeliat-euro-makin-tenggelam-261077-1.jpg

The US ISM Non-Manufacturing PMI for the month of November printed a 53.9 reading, half a point below the consensus expectation. The service sector business survey adds to the bunch of negative releases coming from the United States this week, after disappointments from the ISM Manufacturing PMI and the ADP Employment Report.

The US dollar extended its losses after the release, with EUR/USD touching 1.1110 before retracing back just below 1.11 and GBP/USD making new multi-month highs at 1.3115 at press time.

Despite the negative generic reading, there were some green lights in the report, as the employment sub-index came out improved in November, printing a 55.5 reading, growing 1.8% from the 53.7 seen in October.

All in all, these dismal releases are providing negative signals for Friday's US jobs report, an important one before next week's Federal Reserve monetary policy meeting. The NFP leading indicator table looks more reddish than greenish.

Source : FXstreet


RELATED NEWS

  • The COVID-19 and emergency response form the Reserve Bank of Australia has stripped away the importance, or rather, the sense of urgency surrounding this data, but for what it is worth at this stag in...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.