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by u/astoica·1dNews

Watching ISM Manufacturing PMI for USD Direction

The upcoming ISM Manufacturing PMI data will be crucial for short-term USD direction. A strong number could further bolster the dollar against $EURUSD and $GBPUSD. Conversely, a weak print might offer some relief to the crosses.

2 comments · 16 points

2 Comments

u/dina_alsayed·1d

I'm with you on this. PMI has definitely been a key mover lately, especially with all the Fed talk. A strong number seems to be baked in, so anything less could really disappoint.

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u/diaz_manuela·1d

While PMI is important, I think we also need to keep an eye on the services sector data. Manufacturing is only part of the story, and services have been surprisingly resilient. A weak manufacturing print might not move the needle as much if services hold up.

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