US ISM Manufacturing PMI is worse than expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The United States Institute for Supply Management has published its Purchasing Managers Index survey results. Results are worse than expected, which is causing a decline of the US Dollar.

Markets expected the results to show a reading of 49.2 that would indicate a decline in the sector. A reading above 50 indicates growth, but a reading below 50 shows decreasing conditions. Actual released number was 48.5. Namely, US manufacturers are doing worse than expected.

In the current market environment bad economic data signals that the Federal Reserve can cut USD interest rates, which would weaken the demand for the US Dollar.
Back to articles

Actual Topics

Wed, 03 Jul 2024 14:51:51 GMT

String of US data beats down the USD

Throughout Wednesday's trading, the US Dollar has been declining due to a string of worse than forecast or at forecast data. At 12:15 GMT, the US ADP Non-Farm Employment Change revealed that ADP has calculated 150,000 new jobs created in the US over the last month instead of the market expected 163,000. This started a decline, which by 14:00

Fri, 07 Jun 2024 12:57:51 GMT

US employment data shakes the markets

The United States Bureau of Labor Statistics has published the monthly US employment data sets. Employment situation in the United States is much better than expected. US Dollar reacted to the news by jumping, as the Dollar index immediately moved from 104.05 up to 104.60. Average hourly earnings were expected to increase by 0.3% on a month to month basis. Actual

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.