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U.S. Services PMI slips to 49.9

1st contraction since June ‘24

Orders drop, prices surge

Add in weak ADP data → all eyes on Friday’s NFP

USD below 99.00

Watch for deeper macro cracks

#USD #PMIwatch #MacroSignal #Ultimamarkets
U.S. Services PMI Contracts as Tariff Impact Deepens - Ultima Markets
US ISM Service PMI contracts for the first time since June 2024, raising concerns over impact of the tariff, with investors eyes on NFP next. Read more on Ultima News & Analysis.
www.ultimamarkets.com
June 5, 2025 at 5:27 AM
ultima-markets.bsky.social
🇺🇸🇨🇳 PMI falls again
U.S. ISM: 48.5
China Caixin: 48.3
Tariffs & supply chains still hurting manufacturing
USDCNH breaks below 7.220
More downside for USD?

#PMIwatch #USDCNH #MacroUpdate #Ultimamarkets
US-China Manufacturing PMI Contracts Amid Tariff Policy - Ultima Markets
US and China manufacturing PMI contracts amid tariff pressures and supply chain challenges. Read more on Ultima News & Analysis on USDCNH forecasts.
www.ultimamarkets.com
June 3, 2025 at 5:16 AM