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DanielLQDFX

86 Posts.

28/10/23

01:01

Post #: 70588210

Originally posted by DanielLQDFX: ↑
NZD - Unemployment Rate
The quantity of individuals without employment carries significance as an indicator of the broader economic well-being. This is due to its close correlation with consumer spending and the conditions within the labor market, even though it is typically categorized as a lagging indicator.
New Zealand's unemployment rate climbed to 3.6% in the second quarter of 2023, marking its highest point since the June quarter of 2021. This figure exceeded both the previous quarter's 3.4% and market expectations set at 3.5%. Simultaneously, the underutilization rate, a more comprehensive measure of unused labor capacity, increased to 9.3% from the first quarter's 9%. On another note, the labor force participation rate reached 72.4%, the highest level recorded since 1986, following the March quarter's 72%. Additionally, the employment rate stood at 69.8%, showing an increase from the upwardly revised 69.6% reported in the previous quarter.
TL;DR
Aspect / Indicator
Q2 2023
Q1 2023 / Previous Quarter
Historical or Expected Benchmark
1
Unemployment Rate
3.6%
3.4%
Highest since June quarter 2021; Exceeded market expectations of 3.5%
2
Underutilization Rate
9.3%
9%
A measure of unused labor capacity
3
Labor Force Participation Rate
72.4%
72%
Highest since 1986
4
Employment Rate
69.8%
Upwardly revised to 69.6%
-

The forthcoming publication of the Unemployment Rate is scheduled for Tuesday, October 31, 2023, at9:45 PM GMT+1.
The forecast for New Zealand'sunemployment rate currently stands at 3.8%, reflecting a minor uptick.
Last time, the UnemploymentRate was announced on the 2^nd of August, 2023. You may find the market reactiongraph (NZDUSD M1) below:

1^stNovember 2023
Wednesday

On Wednesday, November 1^st,2023, a series of significant high-impact news announcements is scheduled inthe United States. These include the release of ADP Non-Farm Employment Change,ISM Manufacturing PMI, JOLTS Job Openings, JOLTS Job Openings, Federal FundsRate, FOMC Statement, and FOMC Press Conference.

USD – ADPNon-Farm Employment Change
The generation of employment serves as a vital leading indicator for consumer spending, playing a pivotal role in driving overall economic activity.
In September, the ADP National Employment Report revealed that the private sector in the United States had added 89,000 jobs, while annual pay had witnessed a substantial year-over-year increase of 5.9%. This comprehensive report, developed in collaboration with the Stanford Digital Economy Lab by the ADP Research Institute, provided a deep dive into the state of the private-sector labor market. Drawing from anonymized payroll data from over 25 million American employees, it offered an up-to-date, high-frequency perspective on employment trends in the U.S. This report included data on total private employment changes for the current month and weekly job data from the prior month, making it a valuable resource for analyzing labor market dynamics. Unique to ADP, its pay measure offered insights into the earnings of nearly 10 million employees over a 12-month period, providing an in-depth view of compensation trends.
TL;DR
Aspect / Data Point
September / Report Details
1
Private Sector Job Addition
89,000 jobs added
2
Annual Pay Increase
Year-over-year increase of 5.9%
3
Collaboration with
Stanford Digital Economy Lab
4
Report Focus
State of the private-sector labor market
5
Data Coverage
Over 25 million American employees
6
Frequency & Update
Up-to-date, high-frequency perspective on U.S. employment trends
7
Included Data
Total private employment changes for current month. Weekly job data from prior month

The upcoming ADP Non-FarmEmployment Change report is scheduled for release on Wednesday, November1, 2023, at 12:15 PM GMT+1.
The forecast for ADP Non-FarmEmployment Change suggests a decline from 89,000 to 65,000.
Last time, the ADP Non-Farm Employment Changewas announced on the 4^th of October, 2023. You may findthe market reactiongraph (GBPUSD M1) below:

USD – ISMManufacturing PMI
The ISM Manufacturing PMI is a crucial economic indicator as it reflects how businesses respond rapidly to market conditions, offering valuable insights from the perspective of purchasing managers. Their assessments provide up-to-the-minute and pertinent information about a company’s outlook on the economy, making this announcement a vital gauge of economic health.
In September 2023, the ISM Manufacturing PMI in the United States increased to 49 from the previous month's 47.6, surpassing market expectations of 47.8. This improvement marked the slowest contraction in the US manufacturing sector in ten months. Despite the ongoing slowdown, the data indicated nearly a year of consecutive monthly contractions in US factory activity, mainly influenced by the Federal Reserve's higher borrowing costs. New orders, while declining for the 13th consecutive month, did so at a notably slower rate due to changing supply chain dynamics, prompting customers to initiate more projects. As a result, production saw a significant rebound from August's stagnation, reaching its highest point since July 2022, aided by the rapid reduction of backlogs. Employment also displayed strength, bouncing back after three periods of contraction. Furthermore, the decline in prices persisted for the fifth consecutive month, raising optimism about improved profit margins for manufacturers.
TL;DR
Aspect / Data Point
September 2023 Details and Context
Previous or Comparative Data
1
ISM Manufacturing PMI
49 (showing a slower contraction)
Previous month: 47.6; Market expectations: 47.8
2
Duration of Contraction
Nearly a year of consecutive monthly contractions in US factory activity
Influenced by the Federal Reserve's higher borrowing costs
3
New Orders
Declined for the 13th consecutive month but at a notably slower rate
Affected by changing supply chain dynamics
4
Production
Significant rebound, reaching its highest point since July 2022
August: Stagnation; Boosted by the reduction of backlogs
5
Employment
Displayed strength, bouncing back after three periods of contraction
-
6
Prices
Declined for the fifth consecutive month
Optimism for improved profit margins for manufacturers

The upcoming ISM ManufacturingPMI report is scheduled for release on Wednesday, November 1^st,2023, at 2:00 PM GMT+1.
The forecast for the ISM Manufacturing PMI suggests a slight uptick, moving from 49.0 to 49.5.
Last time, the ISM Manufacturing PMI wasannounced on the 2^nd of October, 2023. You may find the marketreactiongraph (EURUSD M1) below:

USD – JOLTS JobOpenings
Traders pay close attention to this data despite its delayed release because it can significantly influence the market. Job openings serve as a leading indicator of the overall employment landscape, highlighting the importance of this information for traders.
In August 2023, the number of job openings surged by 690,000 compared to the previous month, reaching 9.61 million. This figure significantly exceeded market expectations of 8.8 million and indicated a robust labor market, despite the Federal Reserve’s unprecedented monetary policy tightening measures. Job openings saw notable increases in professional and business services (+509,000), finance and insurance (+96,000), state and local government education (+76,000), nondurable goods manufacturing (+59,000), and federal government (+31,000). Moreover, job openings increased across all regions, including the Northeast (+51,000), the South (+278,000), the Midwest (+238,000), and the West (+124,000).
TL;DR
Aspect / Data Point
August 2023 Details & Numbers
1
Total Job Openings Increase
690,000 surge
2
Total Job Openings
9.61 million
3
Sector-wise Increases

4
- Professional & Business Services
+509,000
5
- Finance & Insurance
+96,000
6
- State & Local Government Education
+76,000
7
- Nondurable Goods Manufacturing
+59,000
8
- Federal Government
+31,000
9
Regional Increases

10
- Northeast
+51,000
11
- South
+278,000
12
- Midwest
+238,000
13
- West
+124,000

The upcoming JOLTS JobOpenings report is scheduled for release on Wednesday, November 1, 2023,at 2:00 PM GMT+1. This data release is closely monitored by analysts and traders for its insights into the state of the labor market, making it a significant event on the economic calendar.
The forecast for JOLTS job openings indicates a decline from 9.61 million to 9.2 million.
Last time, the JOLTS Job Openings wasannounced on the 3^rd of October, 2023. You may find the marketreactiongraph (GBPUSD M1) below:

USD -Federal Funds Rate
Short-term interest rates are the primary driver of currency valuation, with most other indicators serving as predictors of future rate changes for traders.
At the Economic Club of New York, Fed Chair Powell discussed the Fed's cautious approach, stating that policymakers had determined the extent of additional policy tightening and the duration of policy restrictions based on incoming data, evolving outlook, and risk assessment. Powell noted that the tight policy had a dampening effect on economic activity and inflation. While further evidence of sustained above-trend growth or labor market tightness no longer easing could jeopardize progress on inflation, potentially requiring additional tightening of monetary policy. Powell also acknowledged that inflation remained elevated, and achieving the 2% inflation goal might entail a period of below-trend growth and some labor market softening. In the September 2023 meeting, the Fed had maintained the federal funds rate target range at a 22-year high of 5.25%-5.5%
TL;DR
Topic/Area
Fed Chair Powell's Remarks & Context
1
Fed's Approach
Cautious, based on: Incoming data - Evolving outlook - Risk assessment
2
Impact of Tight Policy
Dampening effect on economic activity and inflation
3
Potential Triggers for More Tightening
Sustained above-trend growth - Labor market tightness not easing
4
Inflation Status
Remains elevated
5
2% Inflation Goal
May require below-trend growth and some labor market softening

The upcoming Federal FundsRate decision is scheduled for Wednesday, November 1, 2023, at 6:00 PMGMT+1.
The forecast for the FederalFunds Rate remains unchanged at 5.5%, consistent with the previous figure.
Last time, the Federal Funds Rate wasannounced on the 21^st of September, 2023. You may find the marketreactiongraph (EURUSD M1) below:

FOMC -Statement
This is the key instrument through which the FOMC communicates with investors regarding monetary policy. It encompasses the results of their interest rate and policy measure votes, providing insights into the economic factors that shaped their decisions. Crucially, it delves into the economic forecast and provides indications about future policy decisions.
The FOMC meeting is scheduled for Wednesday,November 1, 2023, at 6:00 PM GMT+1.

USD - FOMCPress Conference
This represents one of the key avenues employed by the Fed to convey monetary policy information to investors. It offers comprehensive insights into the determinants behind recent interest rate and policy choices, accompanied by analysis of economic conditions, including future growth prospects and inflation. Notably, it offers valuable hints about the trajectory of future monetary policy decisions.
The upcoming FOMCPress Conference is scheduled for Wednesday, November 1, 2023, at 6:30PM GMT+1.

2^ndNovember 2023
Thursday

On Thursday, November 2, 2023,the market anticipates significant high-impact announcements. Switzerland willrelease its Consumer Price Index month-on-month (CPI m/m), the UK is scheduledto make an announcement regarding its Official Bank Rate, and the US willunveil its unemployment claims data. These events are likely to have a notableimpact on market dynamics.
CHF - CPI m/m
Consumer prices play a significant role in the overall inflation, and inflation holds a crucial position in currency valuation as escalating prices prompt the central bank to increase interest rates in line with their mandate to control inflation.
On October 3, 2023, the Federal Statistical Office (FSO) reported that the consumer price index (CPI) experienced a 0.1% decrease in September 2023 compared to the preceding month, resulting in a reading of 106.3 points (December 2020 = 100). Inflation for the same month, when compared to the previous year, stood at +1.7%. This decline in CPI can be attributed to various factors, including reduced prices in the hotel and supplementary accommodation sectors, as well as decreases in airfare and prices for both domestic and international package holidays. On the other hand, prices for leisure-time courses, fuels, heating oil, clothing, and footwear saw increases during this period.
TL;DR
Data Point/Aspect
September 2023 Details & Figures
1
Monthly Change in CPI
-0.1% (compared to preceding month)
2
CPI Reading
106.3 points (Base: December 2020 = 100)
3
Yearly Inflation
+1.7% (compared to the same month of the previous year)
4
Factors Leading to Decrease
Reduced prices in hotel and supplementary accommodation - Decrease in airfare - Decrease in domestic and international package holiday prices
5
Factors Leading to Increase
Prices for leisure-time courses - Fuel prices - Heating oil prices - Clothing and footwear prices

The upcoming CPI m/m is set for publication on Thursday, November 2, 2023, at 07:30 AM GMT+1.
The forecast for the CPI m/m suggests a rise from -0.1% to 0.2%.
Last time, the CPI m/m was announced onthe 3^rd of October, 2023. You may find the market reactiongraph (USDCHF M1) below:

GBP - BOEMonetary Policy Report
This information offers valuable insight into the bank's perspective on economic conditions and inflation, which are pivotal factors influencing future monetary policy decisions and interest rate determinations.

GBP - MPCOfficial Bank Rate Votes
The minutes of the BOE's Monetary Policy Committee (MPC) meetings include the individual interest rate votes of each MPC member from the latest meeting. This voting breakdown offers valuable insights into any shifts in members' positions regarding interest rates and provides an indication of how close the committee is to considering a rate change in the future.

GBP - OfficialBank Rate
Short-term interest rates are the primary determinant of currency valuation, with traders predominantly using other indicators to forecast future rate movements.
On September 21st, the Bank of England decided to maintain its policy interest rate at 5.25%, marking its highest level since 2008. This choice marked a departure from the bank's series of 515 basis points (bps) rate hikes over the past two years, reflecting a cautious approach influenced by recent data on inflation and the labor market. The Monetary Policy Committee voted 5-4 in favor of keeping rates unchanged, with four members advocating for a 0.25% increase. Despite ongoing pressure from rising oil prices, the central bank anticipates a decline in Consumer Price Index (CPI) inflation in the near term, attributed to lower energy costs and ongoing decreases in food and core goods prices. Policymakers also reiterated their readiness to implement further tightening measures if deemed necessary.
TL;DR
Aspect/Detail
Information & Figures
1
Current Policy Interest Rate
5.25% (highest since 2008)
2
Change from Previous Policy
No change (maintained rate)
3
Historical Context
515 bps rate hikes over past two years
4
Monetary Policy Committee Vote
5-4 in favor of no change (4 members advocated for 0.25% increase)
5
Inflation Factors
Pressure from rising oil prices - Anticipated CPI inflation decline due to lower energy costs and ongoing decreases in food and core goods prices

The upcoming Official Bank Rate announcement is scheduled for Thursday, November 2, 2023, at 12:00 PM GMT+1.
The forecast for the UK Official Bank Rate anticipates that the rate will remain unchanged at its previous level of 5.25%.
Last time, the Official Bank Rate wasannounced on the 21^st of September, 2023. You may find the marketreactiongraph (GBPUSD M1) below:

USD -Unemployment Claims
Although often seen as a lagging indicator, the number of unemployed individuals carries substantial significance as it reflects the overall economic health. This is due to the strong correlation between labor market conditions and consumer spending. Additionally, unemployment plays a crucial role in the decisions made by those responsible for shaping the country's monetary policy.
In the week ending October 21, the seasonally adjusted initial jobless claims increased by 10,000 to 210,000, with the previous week's figure revised upward by 2,000. The 4-week moving average rose to 207,500, an increase of 1,250, and the previous week's average was revised upward by 500. The insured unemployment rate remained unchanged at 1.2%, with 1,790,000 people receiving insured unemployment benefits, an increase of 63,000 from the previous week's revised level, which was adjusted downward by 7,000. The 4-week moving average for insured unemployment increased by 31,250, with the previous week's average revised downward by 1,750.
TL;DR
Detail/Category
Information & Figures
1
Initial Jobless Claims (Seasonally Adjusted)
Increase by 10,000 to 210,000- Previous week's figure revised upward by 2,000
2
4-Week Moving Average (Initial Claims)
Rose to 207,500 - Increase of 1,250 - Previous week's average revised upward by 500
3
Insured Unemployment Rate
Remained unchanged at 1.2%
4
Number of People Receiving Insured Unemployment Benefits
1,790,000 (an increase of 63,000) - Previous week's level revised downward by 7,000

The upcoming Unemployment Claims announcement is scheduled for Thursday, November 2, 2023, at 1:00 PM GMT+1.
The forecast for Unemployment Claims indicates a rise from 210,000 to 217,000.
Last time, the UnemploymentClaims was announced on the 26^th of October, 2023. You may find the market reactiongraph (USDJPY M1) below:

Expand
3^rdNovember 2023
Friday
Keep an eye on your calendarsfor Friday, November 3, 2023, as it's slated to bring a series of high-impactannouncements from both Canada and the United States. Canada will reveal itscrucial Employment Change data along with the Unemployment Rate, shedding lighton the labor market's health. Meanwhile, south of the border, the US is set todisclose significant economic indicators, including Average Hourly Earningsm/m, Non-Farm Employment Change, the Unemployment Rate, and the ISM ServicesPurchasing Managers' Index (PMI). These releases are poised to draw attentionfrom markets and analysts, potentially influencing investment decisions andmarket trends. Stay tuned for the latest updates and analysis on these pivotalannouncements.
CAD - Employment Change
The creation of jobs serves as a vital leading indicator for consumer spending, which constitutes a significant portion of the overall economic activity.
In September 2023, Canada's job market saw a substantial increase of 63.8K jobs, the highest surge in eight months and surpassing expectations of a 20K rise. Job gains were particularly notable in educational services (+66,000) and transportation & warehousing (+19,000). However, certain sectors such as finance, insurance, real estate, rental & leasing (-20,000), construction (-18,000), and information, culture & recreation (-12,000) experienced decreases in employment. Both part-time (+48,000) and full-time (+15,800) positions saw growth. Job expansion extended across six provinces, with Quebec (+39,000) and British Columbia (+26,000) leading the way, while Alberta (-38,000) and New Brunswick (-2,700) witnessed declines. The unemployment rate remained steady at 5.5%, unchanged for the third consecutive month, marking the highest level since January 2022.
TL;DR
Metric/Category
Information & Figures
1
Total Job Increase
+63.8K (highest in eight months)
2
Expectation
+20K
3
Sectors with Notable Job Gains
Educational services: +66,000 - Transportation & warehousing: +19,000
4
Sectors with Job Decreases
Finance, insurance, real estate, rental & leasing: -20,000 - Construction: -18,000 - Information, culture & recreation: -12,000
5
Type of Job Positions
Part-time: +48,000 - Full-time: +15,800
6
Provinces with Job Increases
Quebec: +39,000 - British Columbia: +26,000
7
Provinces with Job Decreases
Alberta: -38,000 - New Brunswick: -2,700

The upcoming Employment Change data is scheduled for release on Friday, November 3, 2023, at 12:30 PM GMT+1.
The forecast for Canadian Employment Change is reading a decreased 14.000.
Last time, the EmploymentChange was announced on the 6^th of October, 2023. You may find the market reactiongraph (GBPCAD M1) below:

CAD -Unemployment Rate
While typically considered a lagging indicator, the unemployment rate remains a crucial signal of overall economic well-being due to its strong correlation with consumer spending and labor-market conditions.
In August 2023, Canada's unemployment rate remained stable at 5.5%, slightly below the estimated 5.6%. Although there was a slight increase in joblessness, it stayed lower than pre-pandemic levels. The economy added 63.8K jobs, significantly surpassing the expected 20K. Unemployment increased for core-aged men, while it remained stable for core-aged women. Youth unemployment has shown little change since May.
The forthcoming UnemploymentRate data is set for release on Friday, November 3, 2023, at 12:30 PMGMT+1.
The forecast for the CanadianUnemployment Rate is reading an unchanged5.5%.
Last time, the UnemploymentChange was announced on the 6^th of October, 2023. You may find the market reactiongraph (GBPCAD M1) below:

USD - AverageHourly Earnings m/m
This metric holds the distinction of being a precursor to consumer inflation. The pattern becomes evident as businesses increase labor expenses, with the resultant higher costs typically being transferred to consumers.
In September 2023, average hourly earnings for all employees in the US private nonfarm payrolls increased by 7 cents, equivalent to a 0.2% rise, matching the previous month's pace and slightly below market expectations of a 0.3% increase. During the same period, average hourly earnings for private-sector production and nonsupervisory employees saw a 6-cent, or 0.2%, increase, reaching $29.06. Over the past year, average hourly earnings have grown by 4.2%, marking the slowest growth rate since June 2021 and falling below market projections of a 4.3% increase.
TL;DR
Metric/Category
Information & Figures
1
Hourly Earnings Increase (All Employees)
+$0.07 (0.2% rise, matches previous month)
2
Market Expectation (All Employees)
0.3% increase
3
Hourly Earnings (Private-Sector Production & Nonsupervisory Employees)
+$0.06 (0.2% increase, reached $29.06)
4
Yearly Earnings Growth Rate
4.2% (slowest since June 2021)

The upcoming Average HourlyEarnings m/m data is scheduled for release on Friday, November 3, 2023,at 12:30 PM GMT+1.
The forecast for Average Hourly Earnings m/m suggests a marginal uptick from 0.2% to 0.3%.
Last time, the Average Hourly Earnings m/m wasannounced on the 6^th of October, 2023. You may find the marketreactiongraph (AUDUSD M1) below:

USD - Non-Farm EmploymentChange
Traders closely monitor Average Hourly Earnings month-on-month (m/m) as it serves as a key indicator of consumer inflation. When businesses raise labor costs, these additional expenses are frequently passed on to consumers, influencing overall inflation.
In September 2023, US nonfarm payrolls surged by 336K, surpassing market expectations of 170K and marking the strongest job gain in eight months. This robust performance, well above the 70K-100K needed for population growth, indicates a resilient labor market despite the Federal Reserve's tightening measures. Job gains were notable in leisure and hospitality, government, health care, professional services, and social assistance sectors. Other major industries saw little change in employment levels.
TL;DR
Metric/Category
Information & Figures
1
Nonfarm Payrolls Increase
+336K (strongest in eight months)
2
Market Expectation
+170K
3
Benchmark for Population Growth
70K-100K
4
Key Sectors with Job Gains
Leisure and Hospitality, Government, Health Care, Professional Services, Social Assistance
5
Industries with Minimal Change
Other major industries

The forthcoming Non-FarmEmployment Change data is scheduled for release on Friday, November 3,2023, at 12:30 PM GMT+1.
The forecast for Non-Farm Payrolls suggests a decrease from 336,000 to 172,000.
Last time, the Non-Farm Employment Change wasannounced on the 6^th of October, 2023. You may find the marketreactiongraph (AUDUSD M1) below:

USD - UnemploymentRate
Although it is frequently viewed as a lagging indicator, the unemployment rate retains its significance as a crucial measure of economic well-being. This is primarily due to its strong connection with consumer spending and its impact on decisions regarding monetary policy.
In September 2023, the US unemployment rate remained unchanged at 3.8%, slightly exceeding expectations of 3.7%. Nonetheless, it indicated a historically tight labor market. This stability provides the Federal Reserve with flexibility to sustain higher borrowing costs for an extended duration. Furthermore, the U-6 unemployment rate, encompassing discouraged workers and part-timers, decreased to 7%, while the labor force participation rate held steady at 62.8%, marking the highest level since February 2020.
TL;DR
Metric/Category
Information & Figures
1
Unemployment Rate
3.8% (unchanged)
2
Market Expectation
3.7%
3
U-6 Unemployment Rate
7% (includes discouraged workers & part-timers)
4
Labor Force Participation Rate
62.8% (highest since February 2020)

The Unemployment Rate is scheduled for release on Friday,November 3, 2023, at 12:30 PM GMT+1.
The forecast for the unemployment rate remains consistent at 3.8%, in line with the previous figure.
Last time, the Unemployment Rate wasannounced on the 6^th of October, 2023. You may find the marketreactiongraph (AUDUSD M1) below:

USD - ISMServices PMI
ISM Services PMI serves as a leading gauge of economic well-being as businesses respond swiftly to market conditions. Purchasing managers, with their up-to-the-minute insights, offer one of the most relevant perspectives on a company's economic outlook.
In September, the U.S. services sector maintained its expansion for the ninth consecutive month, registering a Services PMI reading of 53.6%, albeit slightly lower than August's 54.5%. Over the past 40 months, this sector has witnessed growth in 39 of them, with only a single contraction recorded in December 2022. Notable highlights include a rise in the Business Activity Index to 58.8% and the Supplier Deliveries Index entering expansion territory at 50.4%. The Prices Index held steady at 58.9%, and the Inventory Sentiment Index expanded for the fifth consecutive month. Thirteen industries reported growth, with Real Estate, Rental & Leasing leading the pack. Despite a slight moderation in the growth rate, the services sector maintains a positive outlook, albeit with some concerns regarding potential challenges on the horizon.
TL;DR
Metric/Category
Information & Figures
1
Services PMI
53.6% (Down from 54.5% in August)
2
Consecutive Months of Growth
9 months
3
Total Growth in Past 40 Months
39 months of growth, 1 month of contraction (December 2022)
4
Business Activity Index
58.8%
5
Supplier Deliveries Index
50.4% (Entered expansion)
6
Prices Index
58.9% (Steady)
7
Inventory Sentiment Index
Expanding for 5 consecutive months
8
Top Performing Industry
Real Estate, Rental & Leasing

The upcoming ISM Services PMI is scheduled for release on Friday, November 3, 2023, at 2:00 PM GMT+1.
The forecast for the ISM Services PMI suggests a minor uptick from 53.6 to 53.7.
Last time, the ISM ServicesPMI was announced on the 4^th of October, 2023. You may find the market reactiongraph (EURUSD M1) below:

Last edited by DanielLQDFX: 28/10/23

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