 US ISM Services PMI dropped sharply from 56.5 to 49.6 in December, well below expectation of 55.5. Business activityproduction tumbled from 64.7 to 54.7. New orders dropped from 56.0 to 45.2. Employment dropped from -1.7 to 49.8. Prices dropped from 70.0 to 67.6. ISM said: The past relationship between the Services PMI and the overall ... The post US ISM services dropped sharply to 49.6, correspond to -0.2 annualized GDP contraction appeared first on Action Forex... 