News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
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
Wall Street
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
Gold
Mixed
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
Mixed
More View more
Real Time News
  • Build you crude oil strategy with some basic key insights. Hone your trading skills here: https://t.co/ekflhEeXRX https://t.co/f0JRsJeebc
  • 🇿🇦 Inflation Rate YoY (MAR) Actual: 3.2% Expected: 3.2% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-04-21
  • 🇵🇱 Employment Growth YoY (MAR) Actual: -1.3% Expected: -1.3% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.68%, while traders in EUR/USD are at opposite extremes with 65.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cscTNspIcj
  • Heads Up:🇿🇦 Inflation Rate YoY (MAR) due at 08:00 GMT (15min) Expected: 3.2% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-04-21
  • Heads Up:🇵🇱 Employment Growth YoY (MAR) due at 08:00 GMT (15min) Expected: -1.3% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-21
  • German Court rejects EU recovery package-related injunction $EUR
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/riBqX0OXx2
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.76% Gold: 0.33% Oil - US Crude: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vj2dFf16E2
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.12% 🇯🇵JPY: 0.07% 🇦🇺AUD: -0.04% 🇬🇧GBP: -0.05% 🇪🇺EUR: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RYCSlw7ZWw
US Dollar Flat After ISM Manufacturing Comes in As Expected

US Dollar Flat After ISM Manufacturing Comes in As Expected

Dylan Jusino,

Talking Points:

- ISM Manufacturing comes in as expected at 57.2.

- No change in USDollar after the flat print; DXY holds at 100.57.

The US economic data began on a quiet note in April with Institute Supply Management (ISM) Manufacturing. The headline figure came in as expected at 57.2 vs 57.7 in February. ISM Prices Paid and Employment drew a bigger surprise. Prices paid came in at 70.5 versus 66.0 expected and employment came in at 58.9 versus 54.2 in February.

The ISM Manufacturing Survey reflects business conditions in the US. It includes key subcomponents, which are ISM’s Prices Paid and Employment. These key components provide significant economic health indications considering they precede other market data such as, Non-Farm Payrolls and the Consumer Price Index. The headline figure is expressed as a index based on survey responses. The ISM manufacturing indicator is the aggregate of the results for all categories.

As stated previously, March ISM Manufacturing left no surprise for traders. With that said markets can speculate which direction sentiment will be heading as 2Q begins. Since manufacturing ticked 0.5 lower this may be an indication that overall sentiment is weakening given the absence of strong hard data in 1Q.

Here’s a summary of the ISM data that is having a limited impact on the US Dollar:

- USD ISM Manufacturing (MAR): 57.2 actual versus 57.7 previous

- USD ISM Prices Paid (MAR): 70.5 actual versus 68 previous

-USD ISM New Orders (MAR): 64.5 actual versus 65.1 previous

- USD ISM Employment (MAR): 58.9 actual versus 54.2 previous

See the DailyFX economic calendar for Monday, April 3, 2017

Chart 1: DXY 5-minute Chart (April 3, 2017 Intraday)

US Dollar Flat After ISM Manufacturing Comes in As Expected

As shown in the 5-minute chart above, the ISM Manufacturing release did not garner much reaction in the US Dollar. Leading up to the data print DXY traded at 100.56 and ticked up to 100.58 shortly after. At the time that this was written DXY traded lower at around 100.47.

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES