August 5th, 2025 is a big day for USD traders. Three heavyweight indicators drop back-to-back:
🕘 09:45 – S&P Global Services PMI (Jul)
🕙 10:00 – ISM Non-Manufacturing PMI (Jul)
🕙 10:00 – ISM Non-Manufacturing Prices (Jul)
🔍 What's forex traders watching:
S&P PMI last printed a strong 55.2, signaling robust service-sector momentum
ISM Services PMI forecast at 51.5, up from 50.8 in June—a modest expansion, but fragile
Price Index will be key for inflation clues—any upside surprise could revive rate hike bets
💡 Trading Bias: If PMI data beats expectations, expect USD upside vs JPY and EUR. But soft prints could fuel rate cut speculation, dragging the dollar lower.
📈 Stay sharp—momentum shifts fast on PMI days.
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