HotForex - Analytics


    511.00 8.50/10
    77% of positive reviews

    US ISM Non-Manufacturing PMI slumps


    EURUSD, Daily       


    U.S. ISM non manufacturing index dropped 2.8 points to 52.9 in May after rising 1.2 points to 55.7 in April. This is the lowest since February 2014. The index was 55.9 a year ago. The business activity index fell to 55.1 from 58.8. The employment component plunged to 49.7 from 53.0, matching the lowest since February 2014. New orders fell to 54.2 from 59.9. New export orders tumbled to 49.0 from 56.5. Prices paid was one of the few components posting a gain, rising to 55.6 from 53.4. Another disappointing report.

    The dollar extended lower following the factory orders and services ISM results, where the former missed slightly and the latter missed significantly. EURUSD has rallied to 1.1348, matching the May 17 peak, as USDJPY fell to 106.77, levels last seen on May 6.


    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

    Stuart Cowell

    Market Analyst 


    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree