Further loss of service sector momentum weighs on overall US economic performance

good for USD

What part of this is good ? "US businesses signalled a broad stagnation in output at the end of the third quarter as manufacturers and service providers alike indicated muted demand conditions. September data indicated the worst performance across the private sector since February"

depending euro ... USD still so very good for now

All news come today for all currency in mixed. Market couldn't identify where to go?

Gold will fall now for 1916 to 1917.

we will see another 180 points down in Dows and I think there will be some pressure on EuroUsd

Sell USD..

Once market stabilized, greed will red

Everything clean! Thanks

ECB did not need strong for Euro ... see how flash PMI Euro also so very bad today

Ksth, the process (selling of USD ) has started, but , it is gradual. Thanks for your contribution.

Slow n steady. Earn some pocket . Haha

According to the S&P Global Flash US PMI Composite Output Index, the US private sector output was at near-stagnation amid a renewed fall in demand1. The index was at 50.4 in September, down from 52.0 in August, indicating the weakest upturn in activity since February1. The service sector was the main drag on the overall growth, as business activity fell for the first time since April 20201. The manufacturing sector also saw a slowdown in output growth, but remained in expansion territory1.

The main reason for the weak performance of the private sector was a drop in new orders, which fell at the strongest pace this year so far1. Both domestic and foreign demand were subdued, as the COVID-19 pandemic continued to weigh on consumer and business confidence1. The Delta variant and supply chain disruptions also contributed to the decline in new orders1. Some firms reported difficulties in finding qualified staff and retaining workers, which added to the operational challenges1.

The cost pressures ticked higher again, as input prices rose at a marked pace1. Nonetheless, the rate of cost inflation was slightly lower than the average seen in the first half of the year1. The main drivers of higher input costs were rising prices for raw materials, fuel, transportation, and labor1. Some firms were able to pass on some of these costs to their customers, but others faced competitive pressures and lower demand1. The output prices index rose to a three-month high, but remained below its long-run average1.

The outlook for the US private sector remained cautious, as business confidence slipped to a seven-month low in September1. Firms were concerned about the uncertain course of the pandemic, the inflationary pressures, and the policy environment1. However, some firms also expressed optimism that the vaccination program and the fiscal stimulus would support a recovery in demand and output in the coming months1.

Do you think is a good idea go short on EUR/USD ?