Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

Jan 24, 2023

Actual

46.6

Forecast

45.0

44.7

The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Feb 03, 2023 (Jan)	22:45		46.6	46.6
Jan 24, 2023 (Jan)	22:45	46.6	45.0	44.7
Jan 05, 2023 (Dec)	22:45	44.7	44.4	46.2
Dec 16, 2022 (Dec)	22:45	44.4	46.8	46.2
Dec 05, 2022 (Nov)	22:45	46.2	46.1	47.8
Nov 23, 2022 (Nov)	22:45	46.1	47.9	47.8

News

Oil slumps 2% on weak U.S. manufacturing, new crude build forecast By Investing.com - Jan 25, 2023

By Barani Krishnan Investing.com - Oil’s two-week rally paused meaningfully for the first time on Tuesday as crude prices fell as much as 2% from a contraction in U.S. manufacturing that reinforced...

Dow futures remain flat, earnings in focus By Investing.com - Jan 24, 2023

By Oliver Gray Investing.com - U.S. stock futures were little changed during Monday’s evening trade after major indices finished the regular session higher as investors digested a fresh batch of...

Dow futures tick lower as investors brace for tech earnings By Investing.com - Jan 23, 2023

By Oliver Gray Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, following a mixed week for major benchmark averages as market participants digested...

Analysis

GBP/USD Set For Countertrend Bounce By Fawad Razaqzada - Aug 24, 2022

US Dollar could weaken on profit taking in light of poor data All eyes and ears on Jackson Hole and Powell speech on Friday Bullish engulfing at prior lows points to at least a short term low for...

Commodities Week Ahead: Recession Fears Could Choke Oil, Keep Gold Steady By Barani Krishnan/Investing.com - Jun 20, 2022

US recession rumblings and chart-based selling could keep oil under pressure till it breaks below $100-a barrel this week; then a wave of buying could see crude prices claw back most of what they had...

Commodities Week Ahead: Fed-Heavy Week Sets Agenda For Gold; Oil Up On Iran By Barani Krishnan/Investing.com - Jun 21, 2021

With the tapering cat out of the bag, all eyes are on what the Federal Reserve will say hereon, leaving gold’s fate pretty much in the hands of speculators who will try to second guess the central...

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