US July 2018 ISM Manufacturing report on 01.08.2018

  • prior 60.2
  • Prices paid 73.2 vs 75.8 exp, prior 76.8
  • New orders 60.2 vs 63.5 prior
  • Employment index 56.5 vs 56 exp, prior 56

That’s a few misses here. EURUSD expired bang in the middle of the 1.1670/85 big expiries.
USD barely moves initially on the weaker data and lower construction spending for June coming in at -1.1% vs 0.3% exp, prior 1.3%.

It’s a summer market, range bound, but we may see some delayed reaction IF yields and/or stock markets would give us a clue.
I ‘m mildly bearish on EUR crosses rallies but only for short term jobbers’ sake

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