US ISM Manufacturing PMI surges to 55.6, beats forecast 53.9
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ISM Manufacturing Index beats consensus at 55.6 in July
U.S. ISM Manufacturing Activity Index rose to 55.6 in July, exceeding consensus of 54.0 and prior month's 53.3, signaling stronger factory activity. Stronger-than-expected U.S. data supports USD and pressures dovish Fed narrative; key for USD/JPY, EUR/USD as it tempers expectations for aggressive rate cuts.
https://x.com/DeItaone/status/2084278175127703661US ISM Manufacturing July: 55.6, beats estimate 53.9
US ISM Manufacturing surged to 55.6 in July, well above expectations of 53.9, with New Orders matching estimates at 56.7 and Employment jumping to 52.8 from 49.7. The data signals manufacturing resilience but arrives amid Fed credibility concerns and dovish repricing; market has largely priced in rate-cut expectations, limiting immediate USD reaction.
https://x.com/LiveSquawk/status/2084278345210990898New to MyTradingLand?
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