ISM Non-Manufacturing PMI will be Disclosed Today

ISM Non-Manufacturing PMI will be Disclosed Today

The market will curiously be waiting for the release of the ISM Non-Manufacturing PMI for January, which will be done on Monday at 15:00 GMT. The economic news coming from the business sector of the market will be unveiled by the Institute for Supply Management. Since the readings above 50, will have positive effects on the US dollar quotes, market participants who are trading in the currency are recommended to be alert and make a note of the changes in the readings of the indicator. 

Financial experts are expecting them to be 52.1. Furthermore, the ISM Non-Manufacturing PMI for December was found to be 50.6 in place of the anticipated 52.2. Today, the indicator shows the activities in the service sector of the US for January. 

Announcement of S&P Global Services PMI

S&P Global Services PMI will be published on Monday at 14:45 GMT and is expected to be 52.2 by top economists and analysts. Since they are forecasted to be above 50, they are most likely to have a positive effect on US dollar quotes. Henceforth, market participants who are dealing with the currency are advised to stay updated about the changes in the values of the indicator before making any drastic market decisions. Furthermore, the S&P Global Services PMI will reflect the conditions of doing business in the service sector. 

The PPI of the Eurozone will be Declared Today

The Eurostat will be disclosing the Producer Price Index of the Eurozone on Monday at 10:00 GMT and the market participants who are trading in euro quotes will be closely analysing the changes in the figures of the indicator, it is said so as the rise in the values of Producer Price Index. The indicator represents the changes in manufactured goods prices for January month. The estimated statistics of the indicator is 0.2%, which is a rise from the previously revealed -0.3%. With the release of the indicator, the inflation in the euro area could be assessed.