ISM services PMI (ISM non-manufacturing PMI) is a sentiment indicator that assesses the state of the US services sector by studying the opinion the the industries’ purchasing and supply managers. This non-manufacturing PMI is an important leading fundamental indicator. Levels greater than 50% show an increase in economic activity. Levels less than 50% tell market participants that the economic activity is falling. ISM non-manufacturing PMI is reported monthly by the Institute for Supply Management on the third business day after the month ends. Positively surprising values move the US currency up, while negative surprises pull the US dollar down. You can find here posts about ISM services PMI indicator published on our website since 2007.
It is somewhat similar to the Markit services PMI.
Note: Do not confuse this indicator with ISM manufacturing PMI.
2020
- EUR/USD Flat as Markets Wait for Election Results
- EUR/USD Mildly Higher on Risk Appetite, Capped by ECB Monetary Stimulus Outlook
- EUR/USD Rebound After Falling on Thursday
- EUR/USD Rallies, Continues Advance After ADP Employment Misses Expectations by Wide Margin
- EUR/USD Rises During Session Light on Economic Data
- EUR/USD Climbs amid Investors’ Optimism
- EUR/USD Drops After German Court’s Ruling on ECB Bond Buying
- EUR/USD Weakens as Coronavirus Takes Its Toll on US Employment
- EUR/USD Retreats After FOMC-Inspired Rally
- EUR/USD Sinks, Extends Decline After Positive US Data
- EUR/USD Sinks After Positive Data in Both USA & Eurozone
2019
- EUR/USD Surges on ADP Employment Miss, Loses Gains Later
- EUR/USD Declines on US-China Trade Optimism
- EUR/USD Rises amid Fears of Slowing US Economic Growth
- EUR/USD Rises Despite Improving US Employment, Reverses Movement After ISM Services PMI
- EUR/USD Rallies amid Escalating US-China Trade Tensions
- EUR/USD Flat After ADP Employment Misses Expectations
- EUR/USD Retreats After Surging on Atrocious ADP Report
- EUR/USD Volatile After NFP, Decides to Go Higher After All
- EUR/USD Gains on Positive Market Sentiment, Ignores US Data
- EUR/USD Falls on US Treasury Yields, Positive US Economic Data
- EUR/USD Falls Despite Poor US Services PMIs
- EUR/USD Surges, Maintains Gains After Dovish FOMC Minutes
2018
- EUR/USD Rallies, Supported by US Employment Data Miss
- EUR/USD Bounces Ahead of Midterm Elections
- EUR/USD Gives Up Gains Caused by News About Italian Budget
- EUR/USD Flat After ADP Employment Missed Expectations
- EUR/USD Volatile After NFP, Stabilizes Above Opening Level
- EUR/USD Gets Boost from Underwhelming US Employment
- EUR/USD Slips After US Services Data
- EUR/USD Attempts to Rally on Profit-Taking, Fails
- EUR/USD Rises on Mixed US Data, Trade Wars Escalation
- EUR/USD Recovers from Intraday Drop
- EUR/USD Reverses Earlier Gains, Halts Decline After US Services Sector Data
- EUR/USD Fails to Stage Rally on Back of Weak NFP
2017
- EUR/USD Drops Despite Slowing US Services Sector
- EUR/USD Unable to Rally on Back of Poor US NFP
- EUR/USD Shows Muted Reaction to US Data
- EUR/USD Little Changed as Traders Assess Chances of Rate Hike
- EUR/USD Falls as ISM Services PMI Trails Forecasts
- EUR/USD Rallies, Extends Move Up After ADP Employment
- EUR/USD Drops Even as US Services Sector Fails to Meet Expectations
- EUR/USD Down After Fed & Set of Solid US Indicators
- EUR/USD Bounces After FOMC Releases Minutes of Policy Meeting
- EUR/USD Bounces, Erasing Weekly Loss
- EUR/USD Edged Higher After Wage Inflation Misses Expectations
- EUR/USD Rises on Negative US Employment Expectations
2016
- EUR/USD Swings Down Then Up After Italy’s Referendum
- EUR/USD Halts Rally After Two Days of Gains
- EUR/USD Flat After ADP Employment Disappoints
- EUR/USD Surges After ECB, Fails to Maintain Rally
- EUR/USD Drops After ADP Report
- EUR/USD Bounces from Initial Decline
- EUR/USD Up 1.6% After NFP Shock Market
- EUR/USD Trades Mostly Sideways
- EUR/USD Drops After US Services Data, Attempts to Recover
- Poor US Data Drives EUR/USD Higher Even as ECB Policy Meeting Looms
- Weak Services Data Leads to Crash of USD vs. Euro
- Dollar Down vs. Euro as Fed Policy Minutes Look Dovish
2015
- EUR/USD Jumps 3% After ECB
- EUR/USD Sinks as Yellen Talks About December Hike
- EUR/USD Fails to Extend Friday’s Rally
- Mario Draghi Sends EUR/USD into Sharp Decline
- Mixed Reports Bring Volatility to EUR/USD
- EUR/USD Bounces After Opening Sharply Lower
- EUR/USD Halts Rally After US Jobless Claims
- EUR/USD Rises, Halts Rally Upon PMI Release
- Dollar’s Weakness Extends into New Week
- EUR/USD Crashes to 11-Year Low
- EUR/USD Moves Lower Even as Employment Growth Slows
- EUR/USD Steady After Three Sessions of Decline
2014
- Data from USA Makes EUR/USD Drop to New Low
- EUR/USD Resumes Decline as US Employment Grows
- NFP Exceeds Expectations, EUR/USD Slumps to New Low
- EUR/USD Sinks After ECB Surprises Forex Market
- EUR/USD Continues Its Fall After US Macro Releases
- EUR/USD Sinks After Stellar US Nonfarm Payrolls
- EUR/USD Drops as US Services PMI Rises
- Set of Positive Reports from Europe Boost EUR/USD
- EUR/USD Down as ECB Considers QE
- EUR/USD Volatile, Has Potential for Rally
- EUR/USD Flat After Weak US Employment Report
- EUR/USD Starts Week with a Rally
2013
- EUR/USD Drops on ADP Employment, Rebounds
- EUR/USD Recovers Ahead of ECB Meeting
- EUR/USD at 8-Month High
- EUR/USD Slumps as ECB Plans to Keep Rates Low
- Good Data from Europe Makes EUR/USD Stronger
- EUR/USD Drops on Data & Portugal, Erases Losses
- EUR/USD Advances as ADP Report Trails Forecasts
- EUR/USD Drops on US Payrolls, Recovers
- EUR/USD Up After Yesterday’s Losses
- EUR/USD Falls as Eurozone Economy Remains in Recession
- EUR/USD Rise on European PMI
- EUR/USD Stops Decline After FOMC Minutes
2012
- Rally of EUR/USD Ends on Poor Data & Spanish Debt Auction
- EUR/USD Drops as Obama Reelected
- Positive Data Does Not Prevent Dollar from Rising
- EUR/USD Jumps as ECB Initiates Bond Purchases
- EUR/USD Soars as US Payrolls Show Robust Employment Growth
- EUR/USD Sinks After ECB Cuts Interest Rates
- EUR/USD Down on Bad Fundamental Data from Europe
- EUR/USD Erases Gains After ECB Maintains Key Interest Rates
- EUR/USD Falls as Draghi Speaks About Downside
- EUR/USD Rises Even as Traders Concerned About Global Growth
- EUR/USD Drops Sharply as US Employers Add More Jobs Than Anticipated
- EUR/USD at the Lowest Since September 2010
2011
- EUR/USD Rises as Germany & France Review EU Treaties
- EUR/USD Goes Up as ECB Reduced Rates & Greek Referendum Won’t Occur
- Employment in US Improves, Dollar Feels Better
- EUR/USD Sharply Drops on Pessimistic Speech of ECB President
- EUR/USD Fluctuates on Mixed Reports
- EUR/USD Down as Moody’s Cut Portugal’s Rating
- EUR/USD Surges on Terrible US Nonfarm Payrolls
- EUR/USD Retreats After Rally on Interest Rates Expectations
- EUR/USD Up on Anticipation of Higher Interest Rates
- EUR/USD Rallies as Trichet Says Interest Rate Hike Possible
- EUR/USD Tumbles on Trichet’s Comments & Good US Reports
- Great New Year for Dollar as All Fundamentals Look Positive
2010
- EUR/USD Rallies for Third Day on Poor US Nonfarm Payrolls
- EUR/USD Rise as Fed Announces Quantitative Easing
- EUR/USD Rises on US Employment Reports
- EUR/USD Rises Despite Favorable Nonfarm Payrolls Report
- Dollar Rises vs. Euro on Employment & Services PMI
- EUR/USD Rallies as U.S. Economy Might Trail Global Growth
- EUR/USD Down on Improving Employment Data
- EUR/USD Goes Up Before Some Good U.S. Reports
2009
- EUR/USD Beats Weekly High on Fed Optimism
- EUR/USD Met Its Resistance Level
- EUR/USD Forms Doji This Week
- Euro in Correction for 2nd Day on Poor Fundamentals
- Consumer Credit Declines and Pushes EUR/USD Down
- EUR/USD Snaps 2 Days of Growth as U.S. Fundamentals Disappointed
- EUR/USD Down as Stocks Fall Despite Good Fundamentals
- EUR/USD Falls Deeper to Nonfarm Payrolls Decline
- EUR/USD Grows after 3 Days of Decline and Bad Macroeconomic Reports from U.S.
- EUR/USD Declines on Some Mixed News from U.S.
2008
- Mixed Reports on Economy Drive Dollar Up
- U.S. President Elections Dollar Rally Over
- Dollar Shows 5th Day of Gain Despite Employment Drop
- Dollar Stronger Before FOMC Decision, Gave Up Somewhat After
- Early Nonfarm Payrolls Help Dollar Despite Bad Data
- Dollar Tries to Keep Yesterday Gains
- Dollar Continues to Lose Positions
- Falling Nonfarm Payrolls Fail to Support EUR/USD
- EUR/USD Soars on Disastrous Employment Data