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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • OPEC technical meeting was told to expect US oil output to rise by 200kbpd this year - OPEC & Industry sources
  • 🇨🇦 New Housing Price Index YoY (MAY) Actual: 11.3% Previous: 9.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 82.84%, while traders in France 40 are at opposite extremes with 76.19%. See the summary chart below and full details and charts on DailyFX:
  • Fed's Bullard says his dot plot reflects liftoff in late 2022
  • $USDCAD taking on a new life now, back above the longer-term trendline +370 from the failed breakout earlier this month
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇪🇺EUR: -0.07% 🇨🇦CAD: -0.13% 🇬🇧GBP: -0.41% 🇦🇺AUD: -0.49% 🇳🇿NZD: -0.54% View the performance of all markets via
  • Heads Up:🇨🇦 New Housing Price Index YoY (MAY) due at 12:30 GMT (15min) Previous: 9.9%
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 11:30 GMT (15min)
US Dollar Rises as ISM NMI Drops to 2009 Low

US Dollar Rises as ISM NMI Drops to 2009 Low

Thomas Westwater, Analyst

ISM Services NMI, US Dollar, COVID-19 – Talking Points:

  • ISM Services NMI drops to 41.8 for April, lowest since 2009
  • US Dollar rises following the report
  • Business activity down 22 percentage points from prior month

The Institute of Supply Management’s NMI survey for April crossed the wires at 41.8 Tuesday morning, beating expectations for 32. Despite the better than expected figure in the services sector, the April print represents a severe contraction in activity in the United States. US Dollar price action pushed higher following the harsh figure, which underscores the economic damage caused from the coronavirus pandemic and its resulting lockdowns across the United States.

US Dollar Basket (1-Min Chart)

US Dollar Chart

Source: IG Charts

Looking closer into the survey highlighted the economic damage inflicted on the services sector from stay-at-home orders across the United States for April. New orders dropped to 32.9 from 52.9, and business activity slipped to 26.0 from 48.0. The figures reflect the first contraction in the non-manufacturing sector since 2009, ending more than a decade of growth.

ISM Services

ISM Services PMI

Source: Bloomberg

Despite the affirmation of the United States already being in a recession in light of severely distressed economic data, US markets continue to push higher, with the Dow Jones Index up over 300 points Tuesday morning. This comes after a solid month for US markets in April, as economies laid out plans to begin reopening. Market participants will now look towards Friday's non-farm payrolls report, where the US economy is expected to lose 701k jobs for the month of April. The NMI survey's employment index registered 30 percent for April, representing a sharp contraction of 17 percentage points from March.

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