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
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
Bullish
USD/JPY
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
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • RT @CVecchioFX: A question I frequently get asked these days is, "Is it realistic to believe that the US Dollar can lose its role in the gl…
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • US 10-Year Notes Draw 1.842% Primary Dealers Accepted: 24.5% Direct Bidders Accepted: 19.4% Indirect Bidders Accepted: 56.1% B/C Ratio: 2.43
  • ⬇️ Highly recommend my fellow volatility fiends give this article a read https://t.co/iQTNxAInvW
  • RT @HuXijin_GT: US Congress passed many China-related bills, China can't respond to all of them. The principle of Chinese government, as I…
  • here we go, starting right now -> https://www.dailyfx.com/webinars/1338844901231735299?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/xx9H1CqID9
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Great comprehensive article on volatility by @PaulRobinsonFX: 'Market Volatility: The Impact of Volatility in Major Financial Markets' https://www.dailyfx.com/forex/fundamental/article/special_report/2019/12/05/Market-Volatility-The-Impact-of-Volatility-in-Major-Financial-Markets.html
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.16%, while traders in US 500 are at opposite extremes with 77.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kaNGUABcNM
  • LIVE IN 15 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
ISM Manufacturing Index Falls To Lowest Point Since October 2016

ISM Manufacturing Index Falls To Lowest Point Since October 2016

2019-06-03 15:45:00
Thomas Westwater,
Share:

ISM Non-Manufacturing Talking Points:

  • Despite missing estimates, the manufacturing sector continues to grow on the back of new orders and production
  • Trade issues and tariffs continue to be a noted concern of respondents in the survey
  • May marks the 33rd month of consecutive expansion for the index, however the rate of growth is slowing

The latest report from the Institute of Supply Management released their report on the manufacturing sector Monday morning, showing that US manufacturing is continuing to grow, reading 52.1 from 52.8 last month and 53 expected. Tariffs and trade issues continue to be a concern noted among survey participants, pushing the Index to its lowest since September 2009. That said, sentiment remains mostly positive with 11 of the 18 manufacturing industries showing growth.

The US Dollar continued to fall off its overnight highs, with the ISM data release showing little evidence of support for the DXY Index. The Dollar was trading at 97.54 at the time of writing, with the index continuing to lose steam in the past couple days after attempting to breach its recent high of 98.37 set on May 23.

US Dollar Basket Price Chart (DXY): 5 – Minute Time Frame (June 3)

DXY

Other notables in the ISM report include new order activity, registering 52.7 percent for May. A small gain from last month could suggest that businesses may be seeing an uptick in demand as inventory buildup also slowed. However, soft spots in the survey point to trade issues impacting manufacturing with tariffs being cited by several respondents noting an uptick in input prices. Some manufacturers also noted supply chain shifts with one respondent saying they are shifting their supply chain from China to Mexico.

--Written by Thomas Westwater, Intern Analyst for DailyFX.com

Contact and follow Thomas on Twitter @FxWestwater

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

DISCLOSURES

News & Analysis at your fingertips.