United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
Purchasing managers' index or PMI is an indicator based on the survey of purchasing managers in the manufacturing industry. It demonstrates businesses' attitudes toward the current market situation. If the indicator is higher 50, it shows the expansion of an industry, while an indicator below 50 signals a contraction. Due to the unstable situation in the US market, the index reached only 50.1 points (vs. 50.5 points expected) last time. It pulled the USD lower in the short-term.
• If the actual level of indicator is higher than the forecasts, the USD will strengthen;
• If the actual level of indicator is lower than the forecasts, the USD will weaken.
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
What will happen? Australian Bureau of Statistics will announce Core PCE Price Index at 03:30 MT (GMT+3) on Wednesday, October 27…
Last week was full of surprises! Stock indices have shown significant growth…