ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY

ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY
The US ISM Manufacturing PMI is expected to show a modest improvement in January.
Analysts anticipate a PMI of 49.5, up from December’s 49.3, signaling a slight easing in contraction.
A PMI above 50.0 indicates expansion, while below 50.0 signals contraction in the manufacturing sector.
Markets will also focus on the ISM Prices and Employment indices for further insights.
EUR/USD remains under pressure, hovering around the 1.0400 zone as the PMI data is released.