{"id":16516,"date":"2024-08-05T07:03:04","date_gmt":"2024-08-05T06:03:04","guid":{"rendered":"https:\/\/cambridgecurrencies.com\/?p=16516"},"modified":"2024-08-05T07:03:07","modified_gmt":"2024-08-05T06:03:07","slug":"ism-services-pmi-and-non-farm-payrolls-update","status":"publish","type":"post","link":"https:\/\/cambridgecurrencies.com\/ism-services-pmi-and-non-farm-payrolls-update\/","title":{"rendered":"ISM Services PMI and Non-Farm Payrolls Update"},"content":{"rendered":"\n
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<\/div>\n\n\n\n
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Economic Data<\/h4>\n\n\n\n

ISM Services PMI (July)<\/strong>: Expected at 51, with the previous at 48.8, markets are watching for any signs of recovery in the service sector.<\/p>\n\n\n\n

Non-Farm Payrolls (July)<\/strong>: The U.S. added 114K jobs, below the forecasted 190K, indicating a potential slowdown in economic growth.<\/p>\n\n\n\n

Major Currency Pairs<\/h4>\n\n\n\n

EUR\/USD<\/strong>: Trading at 1.0933, slightly up by 0.20%. The euro is showing some strength as the dollar softens.<\/p>\n\n\n

[exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”EUR” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”USD”]<\/p>\n\n\n\n

GBP\/USD<\/strong>: Currently at 1.2797, with a slight dip of 0.09%. The pound has faced minor losses.<\/p>\n\n\n

[exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”GBP” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”USD”]<\/p>\n\n\n\n

USD\/JPY<\/strong>: Trading around 143.21, down by 2.24%. The yen strengthens as investors seek safer assets.<\/p>\n\n\n

[exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”USD” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”JPY”]<\/p>\n\n\n\n

\"Murphy<\/figure>\n\n\n\n

Commodities<\/h4>\n\n\n\n

Gold<\/strong>: Gold prices are near $2,360, as investors hedge against potential market volatility amid upcoming central bank meetings\u200b (markets.businessinsider.com<\/a>)\u200b.<\/p>\n\n\n\n

Oil<\/strong>: WTI crude is holding steady around $82.50 per barrel, as market participants anticipate further OPEC+ policy updates.<\/p>\n\n\n\n

Political and Economic News<\/h4>\n\n\n\n

No significant political or economic events have directly influenced the market today. However, attention remains on central banks’ upcoming decisions, which could drive markets later in the week\u200b (markets.businessinsider.com<\/a>)\u200b.<\/p>\n<\/div>\n\n\n\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Economic Data ISM Services PMI (July): Expected at 51, with the previous at 48.8, markets are watching for any signs of recovery in the service sector. Non-Farm Payrolls (July): The U.S. added 114K jobs, below the forecasted 190K, indicating a potential slowdown in economic growth. Major Currency Pairs EUR\/USD: Trading at 1.0933, slightly up by […]<\/p>\n","protected":false},"author":244711593,"featured_media":16523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[97],"tags":[50518959,50518932,50518837,50518849,50518940,50518814,50518924,50518908,50518898,50518904,50518931,50519038,50519040,50518823,50519039,50518883,50518906,50518918,50518901,50518856],"class_list":["post-16516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight","tag-centralbanks-2","tag-commodities","tag-economicdata-2","tag-economicindicators-2","tag-eurusd","tag-financialnews-2","tag-forex-2","tag-forextrading-2","tag-gbpusd-2","tag-goldprices","tag-investing-2","tag-ismservicespmi","tag-marketoutlook","tag-markettrends-2","tag-marketupdate-2","tag-nonfarmpayrolls-2","tag-oilprices-2","tag-usd-2","tag-usdjpy","tag-usjobsreport-2"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/08\/us-and-uk.png?fit=900%2C600&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfpkhv-4io","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/16516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/users\/244711593"}],"replies":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/comments?post=16516"}],"version-history":[{"count":5,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/16516\/revisions"}],"predecessor-version":[{"id":16527,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/16516\/revisions\/16527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media\/16523"}],"wp:attachment":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media?parent=16516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/categories?post=16516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/tags?post=16516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}