Major Forex Shifts this morning occurred post ISM non-mfg 51.4, Exp. 55.0, Last 55.5. ISM services tumbles to Feb 2010 lows. With all 71 mainstream economist missing forecasts with 54.8 mean.
Here is the full Report:
At best, the service economy is crashing to lows not seen since 2010. Forex shifts immediately sold the DXY to the high 94 handle probe -90bps sending commodity currencies sky high. In particular, we are watching CAD/USD pair probe into the .7781 level giving bid support to WTI in the low 44 handle.