Read more
3:03 PM · 3 April 2024

BREAKING: EURUSD jumps above 1.08 after ISM data

US services ISM data for March was released today at 3:00 pm BST. Report was expected to show the headline index staying virtually unchanged compared to February's data. However, an improvement was expected in New Orders subindex, as well as deterioration in Employment subindex.

The actual report turned out to be a negative surprise, with headline index and subindices all coming in below expectations. The biggest plunge was recorded in Prices Paid subindex. Employment subindex climbed compared to a month ago reading, but less than expected by analysts.

This is a dovish reading as it hints at weakening outlook for the US services sector as well as at easing price pressures. Having said that, it should not come as a surprise that we have seen a dovish response in the markets - USD dropped while US equity indices jumped.

US services ISM index for March: 51.4 vs 52.7 expected (52.6 previously)

  • Prices Paid: 53.4 vs 58.4 expected (58.6 previously)
  • New Orders: 54.4 vs 55.5 expected (56.1 previously)
  • Employment: 48.5 vs 49.0 expected (48.0 previously)

EURUSD spiked after services ISM data, breaking above the 1.08 mark and approaching 38.2% retracement of the last major downward impulse. Source: xStation5

17 April 2026, 8:11 AM

Economic Calendar: A Calm End to the Week!

16 April 2026, 7:11 PM

Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues

16 April 2026, 6:32 PM

BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal

16 April 2026, 7:52 AM

Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits