Read more
3:06 PM · 3 November 2021

BREAKING: USD gains as services ISM hits highest since 1997

-
-
Open account Download free app

A pack of data from the United States was released this afternoon. Revision of the services PMI index for October showed a slightly higher reading than flash release but the biggest surprise came at 2:00 pm GMT, when ISM data was released. Services ISM index jumped from 61.9 to 66.7, while the market expects a more or less unchanged reading. This is the highest reading since 1997! A big jump was noted in the prices paid index. Factory orders data for September that was released simultaneously also showed better-than-expected readings.

  • Services PMI (final): 58.7 vs 58.2 flash (54.9 prior)

 

  • Services ISM headline: 66.7 vs 62.0 expected (61.9 prior)

  • Services ISM employment index: 51.6 vs 53.0 prior

  • Services ISM prices paid index: 82.9 vs 77.5 prior

 

  • Factory orders: +0.2% MoM vs -0.1% MoM expected (1.2% MoM prior)

  • Factory orders ex. Transportation: 0.7% MoM vs 0.0% MoM expected (0.5% MoM prior)

The US dollar strengthened following the release of upbeat data. USDJPY jumped and is attempting to make a break above the resistance zone at 114.00. In case a break is delivered, the next target for bulls would be the recent local high near 114.40.

Source: xStation5

2 April 2026, 7:29 AM

Economic calendar: Smaller US labour market reports set to fight for attention amid geopolitics (02.04.2026)

1 April 2026, 5:48 PM

Daily Summary - Markets Await Trump's Address

1 April 2026, 3:17 PM

BREAKING: ISM shows that expansion continues but inflationary pressures surge

1 April 2026, 1:34 PM

BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!

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