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)…
How may purchasing managers push the USD?
What will happen?
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time. The indicator‘s calculations are based on a survey of about 300 purchasing managers. It asks respondents to rate the relative level of business conditions. If the index is higher than 50, it indicates industry expansion. On contrary, a level below 50 shows a slowdown of an industry. During the previous release, the indicator reached 60.8 points, marking the highest optimism since September 2018.
How to trade on the ISM Manufacturing PMI?
It’s very easy to trade on this indicator! You just need to follow the forecasts in the economic calendar.
- If the indicator is higher than the forecast, the USD will strengthen;
- If the indicator is lower than the forecast, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.