Heads up: US data one to watch out for later today

Author: Justin Low | Category: News

With all the attention on trade, don't forget that we still have key US data to navigate through in the session ahead

US ISM
ForexLive
There will be a couple of releases from the US later today but the one I would want to highlight is the November ISM non-manufacturing index release at 1500 GMT.

Markets are in a slightly more upbeat mood now after the turnaround in risk sentiment amid trade news but just be wary that things could easily turn sour again if the data above highlights a further deterioration in economic conditions in the US.

You only have to look back to Monday to get a sense of that after the poor November ISM manufacturing index weighed on risk assets and the dollar.

As such, trade may be a key focus in markets still but don't discount the fact that US data may have a say in disrupting the ebb and flow later today.

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