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USD: US ISM manufacturing key focus - TDS

FXStreet (Delhi) – Research Team at TDS, note that looking ahead to today, the US ISM manufacturing reading is the key focus for investors and with tomorrow’s crucial US employment report coming into view, however, markets may enter lockdown mode immediately after the data’s release.

Key Quotes

“For the ISM, we have lowered our forecast by half a point to 50.0 (market 50.6) on the back of the stark deterioration in the regional manufacturing surveys seen in the last few weeks. US manufacturing remains under pressure amid slowing global demand and the stronger USD, leaving us looking for additional downside risks to our now-lowered forecast.”

“Elsewhere, we are slightly above the consensus forecast in looking for 276K jobless claims this week, while we do not expect the US construction spending or vehicle sales data to have much market impact.”

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