The post When is the US ISM Services PMI data for January and how could it affect EUR/USD? appeared on BitcoinEthereumNews.com.

The United States (US) Institute of Supply Management (ISM) Services Purchasing Managers’ Index (PMI) data for January is scheduled to be published today at 15:00 GMT. The ISM report is expected to show that the service sector activity expanded again, but at a moderate pace. The Services PMI is seen at 53.5, lower than 54.4 in December. Investors will pay close attention to the Services PMI data as the related sector accounts for two-thirds of the US economy. Apart from the Services PMI, investors will also focus on sub-components of data, such as Employment Index, New Orders Index, and Prices Paid. ISM Services Employment Index is expected to come in higher at 52.3 from the previous reading of 52.0. Weaker-than-projected US ISM Services PMI data would prompt expectations for interest rate cuts by the Federal Reserve (Fed) in the near term, as officials have remained concerned over the economic outlook. However, better figures would be a relief for Fed officials, but will unlikely act as a major drag on Fed dovish expectations due to weak job market conditions. How could US ISM Services PMI data affect EUR/USD? EUR/USD trades slightly lower at around 1.1809 at the time of writing. The major currency pair holds just above the rising 20-day Exponential Moving Average (EMA) at 1.1794, keeping a modest upward bias intact. The 14-day Relative Strength Index (RSI) at 52.8 (neutral) reflects balanced momentum after recent consolidation. Measured from the 1.1578 low to the 1.2074 high, the 50% Fibonacci (Fibo) retracement at 1.1826 and the 61.8% Fibo retracement at 1.1768 define a nearby pivot band that supports pullbacks, keeping the broader recovery structure in focus. A clear push back above the 50% retracement at 1.1826 would re-open topside scope and put the recovery back on track. Looking up, the round level…

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Filed under: News - @ February 4, 2026 12:30 pm