On February 5, the Institute for Supply Management (ISM) released its latest ISM Services Purchasing Managers Index (PMI) report.。The data showed that the ISM services PMI was up from 50 in December, compared to the 52 expected by analysts..6 rose to 53 in January.4。A value above 50 indicates economic expansion.。

It was the 13th consecutive month that the ISM services PMI was above 50, highlighting the strong performance of the services sector.。The new orders index increased from 52 in December last year..8 rose to 55 in January, with the employment index from 43.8 up to 50.5。

The Institute for Supply Management commented: "The improvement in overall growth in January was attributed to the acceleration of new orders, employment and supplier delivery index growth.。Most respondents say business is stable。"

Today, traders also have a chance to see the final data from the S & P Global Services Purchasing Managers Index (PMI) report for January.。The data showed that it was in line with analysts' expectations of 52.9 compared to the S & P Global Services PMI from 51.4 up to 52.5。Composite PMI from 50.9 up to 52。

Dollar index hits new high after better-than-expected ISM services PMI report。Currently, the dollar index is struggling to stabilize at 104.More than 50。Traders eye rise in Treasury yields and prepare for more hawkish Fed。

Gold tests support of $2,015-2,025 / oz amid rising Treasury yields and a stronger dollar。Recent reports in the U.S. show the economy remains in good shape, meaning the Fed may prefer to keep the federal funds rate unchanged at its next meeting.。This is bad for gold and other precious metals that don't pay interest.。

S & P 500 pulls back after strong services PMI report。Traders worry that economic data will force the Fed to keep interest rates unchanged in the short term。