String of US data beats down the USD

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


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 GMT had reached 30 base points.

At 12:30 GMT, the US weekly Unemployment Claims came almost at the forecast. Markets expected new claims to be at 234,000, but actual numbers was 238,000. Due to this reason, the decline of the USD continued.

Most recently, at 14:00 GMT the Institute for Supply Management Services sector Purchasing Managers Index survey results came in. The survey revealed that the sector has experienced a decline. A PMI above 50 shows growth of a sector. Markets expected the PMI to come in at 52.6. However, actual number was 48.8. The news added new momentum to the already ongoing decline.
Back to articles

Actual Topics

Fri, 05 Jul 2024 12:39:21 GMT

US releases mixed employment data

The US Bureau of Labor Statistics has just released the US monthly employment data. In general, the data shows a mixed job environment. The US Dollar is reacting to the news by an initial spike up and then starting a decline. Average Hourly Earnings were expected to increase by 0.3% on a month on month basis. The actual number is

Mon, 01 Jul 2024 14:06:25 GMT

US ISM Manufacturing PMI is worse than expected

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

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.