Previous Trading Days Events 05 Feb 2024

The services PMIs for the U.S. show significant sector growth. More growth picked up in January as new orders increased and employment rebounded.

The services PMI increased to 53.4 last month from 50.5 in December. A reading above 50 indicates growth in the services industry, which accounts for more than twothirds of the economy.

The report suggests that economic growth momentum from the fourth quarter continues, reassuring that cuts in March will not take place. The Federal Reserve left interest rates unchanged last week, but Chair Jerome Powell told reporters that rates had peaked.

Services httpswww.reuters.commarketsususservicesectorgrowthpicksupjanuaryismsurvey20240205

Winners vs Losers

AUDCAD leads with 0.4 gains this week while the USDJPY is leading for the month with near 1 gains already, as the USD gains more strength after the NFP news.

News Reports Monitor Previous Trading Day 05 Feb 2024

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No important news announcements, no special scheduled releases.

MorningDay Session European and N. American Session

Services PMIs Releases

Eurozone PMIs

Spanish services remain in expansion, with a PMI figure of 52.1. The growth of the Spanish service sector improved during January amid better market conditions and higher sales. Job growth picked up, accelerating to its best level since May 2023.

In Italy, the PMI shows a turn to the…