American business attitudes have remained resolute in the fourth quarter with firms investing for the recovery even as Retail Sales turned negative in the holiday season. The Purchasing Managers’ Index (PMI) is expected to slip to 59.5 in January from 60.7 in December, setting the stage for Friday’s Nonfarm Payrolls. According to FXStreet’s Analyst Joseph Trevisani, the US dollar will be supported by a good report. Key quotes “The Purchasing Managers’ Index (PMI) from the Institute for Supply Management (ISM) is forecast to drop to 59.5 in January from 60.7 in December. The New Orders Index was 67.9 and the Employment Index was 51.5 in December.” “The business community is preparing for the recovery with investment spending and inventory building, convinced that the retreat of the pandemic will not only enable a return to normal but encourage a burst of relief spending.” “The optimism has not yet carried over into hiring. Employers are waiting for proof that the projected surge in consumption takes place before committing to new workers. The ISM employment Index has been the laggard of the Manufacturing Indexes only reaching 52.1 in October.” “Dollar will be supported by strong ISM numbers but the main game this week is the payrolls report on Friday.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: The potential for improvement in growth and the pound is considerable FX Street 1 year American business attitudes have remained resolute in the fourth quarter with firms investing for the recovery even as Retail Sales turned negative in the holiday season. The Purchasing Managers' Index (PMI) is expected to slip to 59.5 in January from 60.7 in December, setting the stage for Friday’s Nonfarm Payrolls. According to FXStreet’s Analyst Joseph Trevisani, the US dollar will be supported by a good report. Key quotes “The Purchasing Managers' Index (PMI) from the Institute for Supply Management (ISM) is forecast to drop to 59.5 in January from 60.7 in December. The New Orders Index was 67.9 and the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
