7 months ago
25
Markets just received the report for the US ISM Manufacturing data, which missed slightly on expectations – The monthly release came at 48.7 vs 49.0 consensus – Still in contraction territory.
US manufacturing is closely monitored by participants since US President Trump's mandate to bring back US production on top – his bet still has to show more results as the ISM Manufacturing PMI is still below the key 50.0 mark.Despite the rebound from the prior 48.0 report, Tariffs are still showing that they can bite and influence data quite largely.
You can access the report right here.
The US Dollar is weakening after testing the highs of its range and this phenomenon is accelerating since the data release.
Discover the reactions for US Equities (Nasdaq), US Treasuries and EURUSD just below.
Live Market reactions
Nasdaq Index 5m
EURUSD 5m – US Dollar rejects its higher bound, Euro takes a breather
US 10Y Bonds rebound – 4H chart
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About the Author
Elior Manier
Market Analyst
Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing the impact of breaking news, market sentiment, and critical economic data releases on trading flows.
As a versatile analyst, he contributes powerful insights to the team, effectively integrating geopolitical and technical analysis to provide clear and comprehensive market perspectives.
Prior to joining our team, Elior honed his expertise as a Fixed Income Trader and Market Analyst at the Montreal Exchange.
Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing the impact of breaking news, market sentiment, and critical economic data releases on trading flows.
As a versatile analyst, he contributes powerful insights to the team, effectively integrating geopolitical and technical analysis to provide clear and comprehensive market perspectives.
Prior to joining our team, Elior honed his expertise as a Fixed Income Trader and Market Analyst at the Montreal Exchange.
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