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.


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



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.

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