Big Event for USD: Philly Fed Manufacturing Index

Big Event for USD: Philly Fed Manufacturing Index

What will happen?

The US will release the Philly Fed Manufacturing Index – the impactful event for the USD and thus for all the major pairs. It will be out on November 18 at 15:30 MT (GMT+2).

Why is it important?

This report is based on the survey of about 250 manufacturers in the Philadelphia Federal Reserve district. They are asked to rate the level of current business conditions. Businesses react quickly to market conditions, that’s why the changes in their sentiment can be an early signal of future economic activity.

Last time, the Philly Fed Manufacturing Index came out worse than expected. As a result, USD/CAD dropped by 130 points just in half an hour after the release.

3.png

How to trade on Philly Fed Manufacturing Index?

Open the economic calendar and compare the actual numbers with the market forecast.

  • If the Manufacturing Index is greater than the forecasts, the USD will jump.
  • Otherwise – fall.

Check the economic calendar

Instruments to trade: EUR/USD, GBP/USD, USD/CAD

LOG IN

Similar

What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera