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
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
Oil - US Crude
Bullish
Wall Street
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇬🇧 BoE Credit Conditions Survey due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇪🇸 Balance of Trade (FEB) Actual: €-1.082B Previous: €-1.769B https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇮🇹 Inflation Rate YoY Final (MAR) Actual: 0.8% Expected: 0.8% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.93%, while traders in France 40 are at opposite extremes with 75.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F80m5ro5O1
  • Heads Up:🇪🇸 Balance of Trade (FEB) due at 08:00 GMT (15min) Previous: €-1.769B https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇮🇹 Inflation Rate YoY Final (MAR) due at 08:00 GMT (15min) Expected: 0.8% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • German Health Minister says Germany will have 20% of population vaccinated by the end of April $EUR
  • $NZD at a 3-1/2 week high, paring the drop that stemmed from recently announced NZ housing measures https://t.co/ocdA74ucmI
  • (Oil Briefing) Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales #CrudeOil #WTI #EIA https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/04/15/Crude-Oil-Price-Outlook-Aiming-for-February-Peak-Ahead-of-US-Retail-Sales.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ynLW9Tlcyt
  • The Dow Jones Industrial Average of blue-chip stocks is likely to outperform the tech-heavy Nasdaq 100 if worries about inflation force the Fed to trim stimulus sooner than expected. Get your market update from @IlyaSpivak here:https://t.co/G0F0MUOOtw https://t.co/uNqlJSvjho
The US Dollar Hits Intraday High After ISM Hits 12-Year Record

The US Dollar Hits Intraday High After ISM Hits 12-Year Record

Dylan Jusino,

Talking Points:

- ISM non-manufacturing hits 59.8 in September, beating 55.5 forecast

- Business activity subcomponent came in at 61.3 for the month compared to 57.5 in August

- The DXY Dollar Index rallied following the release to an intraday high at 93.56

- See the DailyFX Economic Calendarand DailyFX Webinar Calendar for event risk coverage like NFPs

See the newly updated fourth quarter forecasts for the US Dollar, Euro, British Pound and more the the DailyFX Trading Guides page.

TheInstitute for Supply Management (ISM) non-manufacturing survey hit a 12-year high in the month of September. The print came in well above the expected 55.5 figure at 59.8. In addition, business activity at 61.3 was up by 3.8 over the August print. With a focus on the Fed’s expected path to its next rate hike, the prices paid component also shot up to 66.3, the highest since February 2012.

As with the rest of the global economy’s pacing, the US has struggled to expand at the hearty clip that many lawmakers and central bankers have expected. Business activity has not struggled however with the both service and manufacturing measures holding well into positive territory. However, the emphasis for growth is skewed and uneven given underlying data. The ISM’s manufacturing report earlier this week printed a strong headline figure, but the components leading the charge were not the sources of sustainable growth. Meanwhile, non-manufacturing sector output accounts for nearly three-quarters of the US economy. That said, the prices paid figure in today’s report does add further weight to the 83 percent forecast for a hike from the Fed at the December 13th meeting.

The ISM’snon-manufacturing survey reflects business conditions generally for service sector components in the US. It includes key subcomponents, such as an inflation (‘prices paid’) and employment figure. These key components provide significant economic health indications considering they precede other important market data for the same month such as, non-farm payrolls and the consumer price index (CPI). The survey is comprised of more than 400 non-manufacturing firms' purchasing and supply executives, within 60 sectors across the nation. The headline figure is expressed as an index based on survey responses.

Below is a list of economic releases that has driven the US Dollar higher:

- USD ADP Employment Change (SEP): 135K in line with expectations, from 228K (revised lower from 237K)

- USD Markit US Services PMI (SEP F): 55.3 versus 55.1 expected, from 55.1 previous

- USD Markit US Composite PMI (SEP F): 54.8, from 54.6 previous

- USD ISM Services/Non-Manufacturing Composite (SEP): 59.8 versus 55.5 expected, from 55.3 previous

See the DailyFX economic calendar for Wednesday, October 4, 2017

Chart 1: DXY Index 15-minute Chart (October 4, 2017 Intraday)

The US Dollar Hits Intraday High After ISM Hits 12-Year Record

The US Dollar Index got a much need bump following the release of the non-manufacturing data. DXY hit an intraday high at 93.56 before retraced back below 93.50. The US dollar fell yesterday after the release of the list of candidates for the next Fed Chair.

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES