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
GBP/USD
Mixed
USD/JPY
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
Bullish
Oil - US Crude
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
Bitcoin
Bearish
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • European Opening Calls From IG: #FTSE 7345 +0.00% #DAX 12433 -0.28% #CAC 5675 -0.27% #IBEX 9151 -0.31% #STOXX 3558 -0.39%
  • What is prop trading and how can retail traders benefit? Tune into the #podcast episode featuring Morad Askar, aka Futures Trader 71. Only on Global Markets Decoded. Tune in here: https://t.co/2jDvD9L1Er https://t.co/STqSwY7OBT
  • Crude Oil Prices May Fall on ECB Commentary, US PMI Data - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/09/23/Crude-Oil-Prices-May-Fall-on-ECB-Commentary-US-PMI-Data.html?utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #CrudeOil #ECB #PMI #OOTT
  • Germany 30 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 30 since May 04 when Germany 30 traded near 12,460.20. A contrarian view of crowd sentiment points to Germany 30 strength. https://www.dailyfx.com/sentiment https://t.co/szH9YPYhHG
  • RT @LiveSquawk: UK PM Johnson: Do Not Wish To Elevate Belief There Will Be A New York Breakthrough On Brexit -A Great Deal Of Progress Has…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.07%, while traders in France 40 are at opposite extremes with 88.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OrePrrlL0a
  • (ASEAN Fundamental Outlook) US Dollar ASEAN Outlook Bullish, Trade Deal Hopes Fade, PHP at Risk #ASEAN #USD #USDPHP #TradeTalks - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/23/US-Dollar-ASEAN-Outlook-Bullish-Trade-Deal-Hopes-Fade-PHP-at-Risk.html?utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/0V1NIlGFuR
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.25% 🇦🇺AUD: 0.20% 🇬🇧GBP: 0.15% 🇨🇭CHF: -0.02% 🇨🇦CAD: -0.06% 🇯🇵JPY: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kxpBDlDSEt
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.33% Wall Street: 0.30% France 40: -0.17% Germany 30: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/dlWycO82ZV
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/ER5eD69A4C
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.

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

DISCLOSURES

News & Analysis at your fingertips.