The pack of PMIs to boost the euro

The pack of PMIs to boost the euro

What will happen?

Once in a month, the euro has a very special day of increased volatility at the start of the European trading session. This is the time when France, Germany, and the Eurozone await the Services and Manufacturing PMIs. The releases come out from 10:15 to 11:00 MT time. These indicators are based on a survey of purchasing managers in services and manufacturing industries. If an indicator is higher than 50, it indicates an expansion of an industry, while an indicator below 50 shows contraction.

How to trade on the PMI releases?

Trading on PMI releases is easy! Check the economic calendar for forecasts, and follow the steps below:

  • If the PMI is greater than the forecasts, the EUR will rise;
  • In case of an alternative scenario, expect a fall of the EUR.

Check the economic calendar

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

Screenshot_1.png

TRADE NOW

Similar

Latest news

Weak USD, Gold and China's Stocks Recover
Weak USD, Gold and China's Stocks Recover

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

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