We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • AUD/USD hit its highest level since the beginning of January, having rose to a high of 0.7012, eyes now for a move to 0.7020 to offer resistance in the pair. Get your $AUDUSD market update from @JMcQueenFX here: https://t.co/GCNPNSgdc1 https://t.co/qBPoahTWqf
  • Update on #Cryptocurrencies #BITCOIN -0.48% #BITCOINCASH +1.04% #ETHEREUM -0.21% #RIPPLE -0.49% #LITECOIN -0.39%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.18%, while traders in US 500 are at opposite extremes with 75.10%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/32vkxKLXCI
  • Heads Up:🇷🇺 Inflation Rate YoY due at 17:00 GMT (15min) Expected: 3% Previous: 3.1% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.53% Gold: -1.95% Silver: -2.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NYy8Z7mJ6l
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.73% 🇳🇿NZD: 0.68% 🇨🇦CAD: 0.52% 🇪🇺EUR: -0.43% 🇯🇵JPY: -0.50% 🇨🇭CHF: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/POghhbQYMl
  • New York virus cases increase 0.3%, matching the prior 7-day average of 0.3% - BBG
  • Hey traders! We are wrapping up the week with #NFP release today. Get your market update from @DailyFX Chief Strategist, @JohnKicklighter 👇 https://t.co/C8BJS9TNLf
  • https://t.co/fxVoqyhlWX
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 3.63% US 500: 2.91% FTSE 100: -0.09% France 40: -0.13% Germany 30: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zy2JWPvCSe
US Dollar Rises on Highest ISM Manufacturing in 3-Months

US Dollar Rises on Highest ISM Manufacturing in 3-Months

2014-04-01 14:55:00
Baruch Spier,
Share:

Talking Points:

  • ISM Manufacturing Index reported at the highest level in 3-months
  • ISM Prices Paid and US Construction Spending also improves
  • USD/JPY sets a new 3-week high

Want to trade with proprietary strategies developed by FXCM? Find out how here.

Actual

Expected

Prior

Revised Prior

ISM Manufacturing

(MAR)

53.7

54.0

53.2

ISM Prices Paid

(MAR)

59.0

59.5

60.0

Construction Spending

(FEB) (M/M)

0.1%

0.0%

0.1%

-0.2%

The Institute for Supply Management’s US manufacturing index was reported at 3-month high in March, and the US Dollar set a new 3-week high against the Japanese Yen following the release. Although the ISM manufacturing release slightly disappointed expectations, the index has remained above the neutral 50.0 level since December of 2012.

Economic performance is important for US Dollar traders since Fed Chair Yellen said yesterday that there is still considerable slack in the economy and labor market and extraordinary support will be needed for some time. Therefore, improvements in economic performance, as is indicated by a higher ISM Manufacturing, could raise the Fed’s economic forecast and lead to an eventual rate hike.

USD/JPY 1-Minute: April 1, 2014

US-Dollar-Rises-on-Highest-ISM-Manufacturing-in-3-Months_body_Picture_1.png, US Dollar Rises on Highest ISM Manufacturing in 3-Months

After initially dipping on the lower than expected number, the US Dollar recovered the losses and set a new 3-week high at 103.61. Technical Strategist Jamie Saettele says a break above a recent triangle on a daily USD/JPY chart could open up a test of 104.78.

Chart created by Baruch Spier using Marketscope 2.0. Add DailyFX Support/Resistance to your charts at FXCM Apps.

-- Written by Baruch Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.