US Flash PMIs (July 2026)

US Services PMI beats forecast at 54.6 vs 53.6

S&P Services PMI Final came in at 54.6, exceeding the 53.6 forecast and matching previous strength. The beat signals robust US services activity, potentially supporting USD resilience against dovish Fed narrative. Traders should watch USD pairs for renewed strength amid mixed Fed-pivot sentiment.

https://x.com/financialjuice/status/2084999230783893722

US Services PMI beats forecast at 54.6; Composite at 54.5

US S&P Global Services PMI for July came in at 54.6, beating the 53.6 estimate and matching prior month's print. The Composite index rose to 54.5 from 53.6, signaling resilient service-sector growth. Stronger-than-expected data supports USD positioning amid Fed pivot concerns, though market has largely priced dovish repricing; further PMI strength alone lacks fresh catalytic power without shifts in rate-cut expectations.

https://x.com/LiveSquawk/status/2084999446165643352

US Composite PMI rises to 54.5, beats prior 53.6

US S&P Global Composite PMI for July came in at 54.5, exceeding the previous month's 53.6, signaling stronger-than-expected economic activity. This resilience in services and manufacturing suggests the US economy remains robust despite Fed rate-cut expectations, likely supporting USD and weighing on pairs like EUR/USD and GBP/USD in the near term.

https://x.com/FirstSquawk/status/2084999203810640151

US ISM Services PMI Report Released for July

The US ISM Services PMI for July has been released, providing a key gauge of US service-sector activity and economic health. This data point influences USD positioning and Fed rate-path expectations; softer PMI readings typically weaken the dollar by reinforcing dovish Fed narratives, while stronger data supports USD strength. Traders monitor this closely as a leading indicator of US economic momentum.

https://x.com/financialjuice/status/2085003550963233261