US October ISM services PMI 56.0 vs 53.8 expected ...Middle East

Best since Sept 2023Prior was 54.9Business activity index 57.2 vs 59.9 priorEmployment 53.0 vs 48.1 priorNew orders 57.4 vs 59.4 priorPrices paid 58.1 vs 59.4 priorSupplier deliveries 56.4 vs 52.1 priorInventories 57.2 vs 58.1 priorBacklog of orders 47.7 vs 48.3 priorNew export orders 51.7 vs 56.7 priorImports 50.2 vs 52.7 priorInventory sentiment 53.0 vs 54.0 priorThis is a goldilocks number with prices paid improving (though still well-above 50). Fed pricing for this week is still showing a done deal but December is at 80% and the odds of three cuts by the end of January are down to 29%. This article was written by Adam Button at www.forexlive.com.

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