The first significant opportunity for the USD in 2020

The first significant opportunity for the USD in 2020

The American manufacturing PMI by the Institute of Supply Management will be out at 17:00 MT time on January 3.  

This is the leading indicator of economic health, which shows how businesses’ attitude towards the economic conditions of the market. Basically, this is the survey of 400 purchasing managers, which asks them to rate the relative level of business conditions. The indicator above 50 demonstrates the expansion of the industry, while the indicator below 50 signals the contraction. Last time it fell to 48.1. This time, analysts anticipate it to reach 49. 

• If the actual level is higher than the forecasts, the USD will go up;

• If the actual level is lower than the forecasts, the USD will go down.

Check the economic calendar 

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