ISM Services PMI Rises To 50.8; SP500 Tests Historic Highs


The new order index increased from 46.4 in May to 51.3 in June, while the employment index declined from 50.7 to 47.2.

Today, traders also had a chance to take a look at the factory order report for May. The report indicated that the orders of the factory in accordance with the analyst expectations increased by +8.2% on the basis of month-by-month.

The US dollar index went higher as the traders reacted to the better-than-the-than-than-one ISM services PMI report. Currently, the US dollar index is trying to settle above 97.00 levels.

After releasing the report, gold settled near a level of $ 3335. From a large picture point of view, gold markets are under pressure as traders make some profits from the table after a recent rebound.

SP500 tested historical highness as traders focus on encouraging ISM services PMI data. SP500 has recently climbed above 6250 levels as is trying to settle above 6275.

For a look at all economic events today, check our economic calendar.


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