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  • US Services PMI at 50.3%; May 2023 Services ISM Report On Business

    From prnewswire.com

    Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI® registered 50.3 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 35 of the last 36 months, with the lone contraction in December of last year. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In May, the Services PMI® registered 50.3 percent, 1.6 percentage points lower than April's reading of 51.9 ... (full story)

  •  Guest
  • | IP XXX.XXX.10.175
Big move
Good or bad for USD ?
  •  Guest
  • | IP XX.XXX.132.135
Expectations of Fed not hiking in June just went from 75% to 85%. Finally, Services started to contract.
  •  Guest
  • | IP XX.XXX.132.135
It's bad for USD. Manufacturing is almost destroyed and services started to show weakness, at last.. there is only one thing that has to start showing weakness and that is employment.
Weak USD. Declined PMI Services. Now benefited Gold staring with big spike towards 1988
  •  Guest
  • | IP XXX.XX.102.214
Quoting Ftmofx
Weak USD. Declined PMI Services. Now benefited Gold staring with big spike towards 1988
the spike will calm down and down slowly with rising dollar. that is because 50% is still higher range.
  •  Guest
  • | IP XX.XXX.125.78
ISM is still expanding, Factory orders still expanding. Those burying the USD are a little early, IMO.
Keep calm and trust the mighty Nasdaq
Quoting Guest
{quote}the spike will calm down and down slowly with rising dollar. that is because 50% is still higher range.
Not agree. USD was correction mode before news+ Service PMI decline
  •  Guest
  • | IP XXX.XX.102.214
Quoting Ftmofx
{quote} Not agree. USD was correction mode before news+ Service PMI decline
what i meant was that USD will rise and the counter currencies will come down.
  •  Guest
  • | IP XXX.XXX.178.215
FOREX: Bad for USD Other Markets: Good. This is all about the the Treasuries, Bonds and Interest Rates. If the number show under 50 increase risk for more Rate Increases, Yields increases and a Bullish USD.
  •  Guest
  • | IP XXXX::
Yeah GU as expected breaks 1.24400....GU to 1.25000 for next USD bad news
From here the downhill for the US economy will be steep. Umbrella Man will wait for a month and then say you're wrong again. Love that guy, he's so funny.
  •  Guest
  • | IP XX.XX.74.233
We are in a RESSESION. PMI is under 50, inverted bond yields.
Wondering what the fed could do to cool inflation without distorting the economy. For the fact that the fed has not implemented cut. Inflation is still on the table for them to deal with.
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  •  Guest
  • | IP XX.XX.14.81
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  • Story Stats
  • Posted: Jun 5, 2023 10:00am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 15  /  Views: 7,108
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