Educational analysis only, not financial advice. Trading CFDs involves a high risk of loss. Market data as of 1 September 2026, 11:39am GMT+8.
Quick Take: US PMI News This Week
The US ISM Manufacturing PMI lands tonight at 10:00pm GMT+8, the one release driving every pair on this week's US PMI news watchlist. Markets already moved on a US-Iran flare-up and a hawkish Fed tone from Jackson Hole, sending gold lower, oil higher, and the dollar firmer overnight. July's PMI hit 55.6%, a seventh straight month of expansion.
US ISM Manufacturing PMI on Gold (XAU/USD)
Gold sold off hard this morning as a US-Iran flare-up and a hawkish Fed tone from Jackson Hole lifted rate-hike bets, hurting non-yielding gold. A hot PMI print tonight could add to the pressure; a soft one could help it stabilize. The still-elevated prices sub-index (71.1% in July) is worth watching too.
· Trend: sharp reversal; gold trades near 4,435, breaking below support.
· Resistance: 4,520, the broken support now overhead, then 4,675.
· Support: 4,379, then 4,310 and 4,270.
· Watch: the prices sub-index alongside the headline PMI.
Chart discussion: a broken level often retests from below as new resistance. Holding under 4,520 keeps the pressure on the supports below; a quick reclaim would hint the drop was overdone.
Mentor tip: a rejection means price touches a level then pulls back, a sign sellers stepped in. Acceptance means price closes above it and stays, buyers in control.
US ISM Manufacturing PMI on EUR/USD
The dollar firmed this morning on rising Fed rate-hike bets after a hawkish Jackson Hole tone, pulling EUR/USD below its 1.1615 support. A hot PMI print tonight could support the dollar and pressure the pair lower; a soft one could ease dollar strength and help it recover.
· Trend: broke down; the pair trades near 1.1608, below its former support.
· Resistance: 1.1615, the broken support now overhead, then 1.1670 and 1.1715.
· Support: 1.1565, the next level down.
· Watch: US Treasury yields; a jump there often pulls EUR/USD lower.
Chart discussion: holding below 1.1615 keeps the pressure on; a quick reclaim would hint the drop was overdone, opening the door back toward 1.1670.
Mentor tip: a break and hold means price closes above a level on more than one candle, not just a brief touch; that separates a real breakout from a false one.
US ISM Manufacturing PMI on US500
The index eased Monday on a risk-off tone from the US-Iran flare-up and hawkish Fed commentary, but held well above support. A strong PMI print tonight would read as good news for equities, though one hot enough to reignite inflation concern could cap gains by pushing back rate-cut bets. A soft print would raise growth-slowdown worries instead.
· Trend: pulled back from Friday's level; the index trades near 7,686.
· Resistance: the August 13 record near 7,817.
· Support: 7,620, the 50-day average, then the 7,560 zone.
· Watch: Nvidia earnings and the Fed Chair's Jackson Hole remarks this week.
Chart discussion: pullbacks holding 7,620 to 7,560 often set up another run at the record; a daily close below 7,560 hints at a deeper correction.
Mentor tip: a daily close below support matters more than a brief dip during the day; candles that dip and recover by the close often mean the level is still holding.
US ISM Manufacturing PMI on WTI (Crude Oil)
WTI has already broken through its $85.00 resistance this morning on supply-risk fears from the US-Iran flare-up. A firm PMI print tonight would signal stronger energy demand, supportive for oil, though a print that also strengthens the dollar works against dollar-priced crude. A soft print raises demand-worry headwinds instead.
· Trend: extended rally; WTI trades near $87.25, above its former resistance.
· Resistance: $88.50, then the prior cycle high near $92.40.
· Support: $85.00, the broken resistance now acting as a floor, then $80.30.
· Watch: OPEC+ supply headlines; they can move oil as much as any data print.
Chart discussion: holding above $85.00 keeps the door open toward $88.50, then $92.40 if the rally extends; a slip back below $85.00 would hint the breakout needs more time.
Mentor tip: support and resistance are not exact lines; price often wicks through a level before reversing, so watch the general zone, not one precise number.
Other Data to Note
Beyond the PMI, two stories are already moving markets this week: the US-Iran flare-up, the first escalation since a July pause, and a hawkish Jackson Hole tone from Fed Chair Kevin Warsh that lifted rate-hike bets. Headlines here can move gold and oil as much as any data print. Tuesday also brings US construction spending; later in the week, watch ISM Services PMI (Thursday) and the August jobs report (Friday). Release schedules may change; check the calendar daily.
Key Takeaway
This week is one story told four ways: the same ISM print, four different reactions. Gold and the dollar usually move opposite each other, EUR/USD reflects the dollar side directly, US500 weighs growth against inflation risk, and WTI sits between demand hopes and dollar strength. If you are new to trading, pick one instrument, note its levels, and watch how it behaves around the release; that teaches more than any indicator. Sub-IBs and partners are welcome to share this as educational content. Follow Lirunex for more weekly market updates.
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