
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The US Services PMI will be out at 17:00 MT time on March 3. This is the leading indicator of economic health, which shows 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 service sector is the largest element of the US economy (75% of GDP) and most exposed to Covid-19. Last time it rose to 58.7, exceeding the forecast of 56.8.
The indicator above 50 demonstrates the expansion of the industry, while the indicator below 50 signals the contraction. However, the market reaction mostly depends on whether the report exceeds expectations or not.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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