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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • RT @FxWestwater: Australian Dollar Outlook: Inflationary Theme in Spotlight as $AUDUSD Sputters Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/11/Australian-Dollar-Outlook-Inflationary-Theme-in-Spotlight-as-AUDUSD-Sputters.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co…
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/mwYyGmK1Gf https://t.co/mvc5ajVaCh
  • 🇰🇷 Unemployment Rate (APR) Actual: 3.7% Previous: 3.9% https://www.dailyfx.com/economic-calendar#2021-05-11
  • All 9 Dow Jones sectors ended lower, with 90% of the index’s constituents closing in the red. Energy (-2.62%), financials (-2.43%) and consumer discretionary (-1.82%) were among the worst performers, while materials (-0.23%) registered small losses. https://t.co/4jHdCZ1NuL
  • RT @ZabelinDimitri: What could go wrong?! https://t.co/c6CLYsCN1d
  • Heads Up:🇰🇷 Unemployment Rate (APR) due at 23:00 GMT (15min) Previous: 3.9% https://www.dailyfx.com/economic-calendar#2021-05-11
  • (Tech Special) British Pound Analysis: GBP/USD, EUR/GBP. GBP/JPY in Focus After Sterling’s Jump $GBPUSD $EURGBP $GBPJPY #GBP #Sterling https://www.dailyfx.com/forex/technical/article/special_report/2021/05/11/British-Pound-Analysis-GBPUSD-EURGBP-GBPJPY-in-Focus-After-Sterlings-Jump.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/HkYBanDOXd
  • The British Pound gained aggressively, placing the focus on levels that may send GBP/USD and GBP/JPY lower, with EUR/GBP still open to a turn higher. Will Sterling’s advance continue? Get your $GBP market update from @ddubrovskyFX here:https://t.co/PHoCHVc20M https://t.co/IBKnW68wv2
  • SEC urges caution on funds with exposure to Bitcoin futures, calls Bitcoin a "highly speculative investment" - BBG
  • SEC warns of volatility, lack of regulation in Bitcoin market - BBG #BTC #Bitcoin
Dow Jones Index Boosted by Upbeat ISM Manufacturing Data

Dow Jones Index Boosted by Upbeat ISM Manufacturing Data

Thomas Westwater, Analyst

ISM Manufacturing PMI, Dow Jones Index, Economy – Talking Points

  • The Dow Jones Index jumped on upbeat manufacturing data
  • Manufacturing activity jumps to highest level since September 2018
  • Investors await tomorrow’s Presidential Election
Advertisement

The Dow Jones Index continued its march higher Monday morning, as the ISM Manufacturing PMI reading for October crossed the wires at 59.3, beating expectations of 55.8. While the positive ISM data shows America’s manufacturing activity increasing for the sixth consecutive month, investors remain on edge with the 2020 Presidential Election only a day away. Still, the Dow Jones Index is trading at the highest level since last Wednesday when US stocks fell on rising Covid concerns.

Dow Jones Index (1-Min Chart)

DJI Chart

Chart created with TradingView

October’s manufacturing report represents the highest reading in the manufacturing space since September 2018. The index’s sub-components all showed positive signs for the economy, with new orders coming in at 67.9 percent, a big jump from September’s 60.2 percent. Employment also showed a healthy increase. Out of the 18 industries in the manufacturing sector, 15 reported growth according to the ISM report.

DailyFX Economic Calendar

Dow Jones Index Boosted by Upbeat ISM Manufacturing Data

Outside of tomorrow’s election, this week still has several high-impact data points, including Thursday’s FOMC rate decision, and Friday’s job report when the unemployment rate is expected to drop to 7.6 percent on 600k jobs added. Still, the election remains the key risk in markets, and volatility surrounding the event may linger if the results are contested and lead to the delay of a winner being announced.

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

DISCLOSURES