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US service sector in the limelight today – Danske Bank

FXStreet (Edinburgh) - Senior Analyst Flemming Nielsen at Danske Bank, highlights the relevance of the ISM non manufacturing release today, following the NFP.

Key Quotes

“The US non-manufacturing ISM will also draw attention”.

“We see downside risk as seen in the ISM for the manufacturing sector as well”.

“The non-manufacturing ISM is at a very high level and with consumption growth moderating a bit lately, we should see a decline in the index”.

“This might add to the picture of weaker-than-expected business cycle data out of the US”.

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