4:02 PM · 5 December 2023

BREAKING: USD drops after ISM and JOLTS data

Two closely watch US reports were released today at 3:00 pm GMT - ISM services index for November as well as JOLTS report on jobs openings for October. ISM index was expected to improve slightly compared to October, while JOLTS reports was expected to show a decrease in job openings in October. 

Actual data showed higher-than-expected ISM reading, with New Orders and Prices Paid subindices driving the beat. Employment subindex missed expectations but still increased compared to October's data. JOLTS data turned out to be a big surprise with number of job openings slumping from 9.55 to 8.73 million.

  • ISM services (November): 52.7 vs 52.0 expected (51.8 previously)
    • New orders: 55.5 vs 54.9 expected (55.5 previously)
    • Employment: 50.7 vs 51.4 expected (50.2 previously)
    • Prices Paid: 58.3 vs 58.0 expected (58.6 previously)
  • JOLTS report (October): 8.733 million vs 9.3 million expected (9.55 million previously)

USD dropped following the release with EURUSD jumping around 0.2%, from 1.0810 to 1.0830. Precious metals caught a bid amid USD weakening with GOLD climbing back above $2,020 per ounce. Equity indices also moved higher.

Source: xStation5

24 August 2026, 4:45 PM

FX Weekly: Will Jackson Hole be a turning point for the dollar? (24.08.2026)

24 August 2026, 9:23 AM

Chart of the Day: Trump drives the Canadian dollar sell-off (24.08.2026)

24 August 2026, 8:17 AM

Economic Calendar: Market awaits Nvidia's results and Jackson Hole (24.08.2026)

24 August 2026, 7:20 AM

Morning Wrap: Oil prices heading back down? (24.08.2026)

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