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
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
GBP/USD
Bearish
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
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Precious Metals Update: #Gold 1,620.00 (+0.52%), #Aluminum 1,720.00 (+0.00%), and #Copper 5,770.00 (-0.05%) [delayed]
  • $USDJPY ripped hard yesterday, gaining 1.35% and notching the largest one-day move since August. The question is, is it sustainable? Find out from @PaulRobinsonFX here: https://t.co/SBTszgiRVv https://t.co/gBUr3yBPjO
  • 🤷‍♂️😅 https://t.co/LuxFs9qYpy https://t.co/WNTzcueK1H
  • $USDMXN strengthening to test monthly high https://t.co/B6LLJuyPdr
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY https://www.dailyfx.com/forex/market_alert/2020/02/20/US-Dollar-Price-Action-Setups-EURUSD-USDCAD-USDJPY-JS.html https://t.co/bssO53vHWy
  • A breakout in #gold prices is underway with the rally now targeting the first resistance hurdle at channel resistance. Get your $XAUUSD technical analysis from @MBForex here: https://t.co/Q3gWCTX4Gv https://t.co/qm6NZR4Pv9
  • $AUDUSD pushes deeper towards 2009 lows https://t.co/oNNCobmRxW
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.46% Oil - US Crude: -0.00% Silver: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KAL8UO1FUA
  • Fed's Barkin: - Think we are headed against globalization - Challenges Euro has faced show decline in globalization $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in France 40 are at opposite extremes with 78.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VY1iqzU5wz
US December PMI Data Prints Near Expectations

US December PMI Data Prints Near Expectations

2019-12-16 15:16:00
Austin Sealey,
Share:

US Services and ManufacturingPMI Talking Points:

  • This morning brought the release of US services and manufacturing PMI, printing near expectations.
  • December services PMI comes in following a few poor months of data that began to show signs that slowing manufacturing PMI was beginning to spill over into services.
  • Likewise, US manufacturing PMI is coming off lows set in late Q2 and Q3 where prints came in just above the 50 level for four periods in a row.

December Services and Manufacturing PMI Prints Near Expectations

This morning brought the release of US services and manufacturing PMI data out of the United States for the month of December. US manufacturing PMI printed at 52.5, falling short of the expectations of 52.6. US services PMI printed at 52.2 versus the expectation of 52.0

us manufacturing pmi

Chart Prepared by Austin Sealey; US December Manufacturing PMI

US manufacturing PMI has been lowering since late 2018 as signs of a global slowdown first began to show in the manufacturing sector, but recently, markets have turned their eyes to services PMI as worries grew that a slowdown was beginning to spill over into another sector.

These prints come in following the first month of strong data for both manufacturing and services, and as services PMI prints at an increase for the second month in a row, there are signs that the US services sector may no longer be under fire.

US PMI Services

Chart Prepared by Austin Sealey; US December Services PMI

As the US is coming off of a year of aggressive expansionary policy, market turn they eyes to these leading indicators as a sign of what may be to come with future rate cuts. However, while this morning’s data takes away some of the concern brought on in past few months, it has done little for the US dollar, as it remains largely unchanged since the release. The same cannot be said for the broader market, as the S&P gapped up this morning to test 3,190.

us dollar five minute chart

Chart prepared by Austin Sealey; DXY on TradingView

--Written by Austin Sealey, Market Analyst for DailyFX.com

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

DISCLOSURES

News & Analysis at your fingertips.