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US ISM manufacturing and ADP takes centre stage – Danske Bank

FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, highlights the relevant releases in today’s session.

Key Quotes

“In the US focus turns to ISM manufacturing for September”.

“It has surprised clearly to the upside in the past months but we think it is time for some moderation”.

“It has shown frequent overshooting in the past year, both to the up- and downside compared to Markit PMI and is currently running higher. Although activity is strong in the US, it is not as strong as indicated by ISM”.

ADP employment in the US will also catch some attention as input for the expectations about Friday’s payroll number. Consensus looks for 200k. We see some upside risk to this”.

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