ISM services highlights the US economic calendar as the long weekend ends

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ISM services highlights the US economic calendar as the long weekend ends

<p>The main highlight from Asian trading was the RBA rate decision. They hiked 50 bps to 2.35% as expected and said that further hikes are likely coming. They added a line to stress 'price stability' but removed a line on 'normalization' to indicate that rates are in neutral territory.</p><p>AUD/USD rallied ahead of the decision but has slid lower since and is down 20 pips on the day.</p><p>The Federal Reserve will be closely watching today's data on the service sector from the ISM at 10 am ET. The consensus is a slip to 55.1 from 56.7 previously. There will be a special focus on the prices paid component, which stood at 72.3 previously with no consensus.</p><p>Otherwise, there are some odds and ends on the <a href="https://www.forexlive.com/EconomicCalendar" target="_blank">economic calendar </a>but nothing market moving.</p>

                This article was written by Adam Button at forexlive.com.

Source: ISM services highlights the US economic calendar as the long weekend ends

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