S&P Global Services PMI preview: Market anticipates growth acceleration

The S&P Global Services PMI for the United States is scheduled for release on August 5, 2026, at 13:45 UTC. Market consensus anticipates a reading of 52.7, an increase from the previous figure of 51.2. This indicator provides a snapshot of the health of the US services sector, a significant component of the economy. A reading above 50 generally suggests expansion, while a reading below 50 indicates contraction. This release carries a High impact rating, suggesting potential for notable market movements.

Historically, this release has been associated with significant price action across major currency pairs and gold. For instance, AUDUSD has seen a median 1-hour move of 9 pips, with top-quarter releases moving 17+ pips. EURUSD typically experiences a median 1-hour move of 11 pips, with top-quarter events seeing 22+ pips. GBPUSD has a median 1-hour move of 15 pips, and top-quarter releases move 28+ pips. USDCAD has observed a median 1-hour move of 12 pips, with top-quarter releases moving 25+ pips. USDJPY has a median 1-hour move of 15 pips, with top-quarter releases moving 25+ pips. Gold, XAUUSD, has shown a median 1-hour move of 33 pips, with top-quarter releases moving 68+ pips. Direction-reliability statistics are not yet available for this event.

Looking at recent history, the actual S&P Global Services PMI has shown varied performance relative to forecasts. The most recent reading in July 2026 came in at 51.2, slightly above the forecast of 50.9. In June 2026, the actual was 50.7 against a higher forecast of 53.7. The May 2026 print was 51, surpassing the 50.6 forecast. These past releases have seen corresponding EURUSD 1-hour moves ranging from -4.8 pips to +7.8 pips, with one notable move of -17 pips in January 2026.