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US ISM will take centre stage – Danske Bank

FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, remarks today’s data releases in the US economy.

Key Quotes

“Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1”.

“Comments were decent, although a weak European market and the geopolitical tension present some risk”.

“On the other hand, a very high order-inventory balance suggests that the ISM index could maintain its high level”.

“Overall, we expect the ISM to adjust slightly downward to 56.7, which is still a very high level”.

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