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Manufacturing flash index 51.2 versus 52.6. Prior month 52.4Services PMI flash for February 52.3 versus 53.0 estimate. Prior 52.7.Composite 52.3 versus 53.0 last monthThe good news is that each of the a indices were above the 50.0 level indicating growth. The bad news is that each of the estimates were below the prior month and below estimates.Ahead, the University of Michigan sentiment indices for February will be released at the top of the hour with the sentiment expected at 57.3 unchanged from the preliminary. The current conditions is expected at 57.7 versus 58.3, and the expectations came in at 56.6 .The 1 year inflation came in at 3.5% last month with the 5 year inflation at 3.4%. The Supreme Court decision on tariffs may be released at 10 AM ET.US stocks are mixed ahead of the date with the S&P and the Nasdaq trading above and below unchanged. The US yields are also little changed:2 year yield 3.478%, +0.8 basis points10 year yield 4.076%, +0.2 basis points30 year yield 4.706% current +0.3 basis point Crude oil is down -0.23% after the sharp 4.36% rise yesterday.
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
The recent manufacturing and services PMI data shows growth, but misses expectations, and here’s why that matters: With the manufacturing flash index at 51.2 and services PMI at 52.3, both indicators remain above the crucial 50.0 mark, signaling expansion. However, the underperformance against expectations could indicate a slowdown in momentum. For traders, this divergence suggests a cautious approach, especially for those in sectors sensitive to economic cycles. Watch for potential volatility in related assets like industrials and consumer discretionary stocks, which often react to such economic indicators. If the trend continues, we might see shifts in monetary policy expectations, impacting forex pairs like USD/EUR. Here’s the flip side: while the data is disappointing, it still reflects growth, which could keep the Fed on track with its current policy. Traders should monitor the upcoming economic releases closely, particularly any revisions to these figures or new data that could confirm or contradict this trend. Key levels to watch are the 50.0 threshold for growth and any significant moves in the USD as traders react to these indicators.
📮 Takeaway
Keep an eye on upcoming economic data releases; a sustained trend below expectations could signal a shift in market sentiment and impact USD pairs.
