Thursday, 3 October 2019

ISM Services PMI Miss Adds to Market Turmoil, Recession Risk

The Institute for Supply Management’s Non-Manufacturing Index declined further in September with a reading of 52.6 vs expectations of 55.0. The disappointing figure echoes this week’s poor data.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...