What to Expect from USD PMI Release?

What to Expect from USD PMI Release?

What will happen?

The US Institute for Supply Management will announce the Purchasing Managers’ Index (PMI) on April 5, at 17:00 MT. The indicator measures the diffusion index level based on the info from purchasing managers, excluding manufacturing. This is a monthly release.

PMI is a leading indicator of economic health. Businesses respond quickly to market conditions, and their purchasing managers have the most up-to-date and relevant info about the companies’ views of the economy.

This data is obtained from a survey of approximately 300 purchasing managers. The survey respondents were asked to rate the relative level of business conditions, including employment, production, new orders, prices, supplier deliveries, and inventories.

How will USD react?

PMI provides useful information to business decision-makers, market analysts, and investors. It gives an expanded view of the services sector, so that investors have a better understanding of the business environment and valuable insights into the economic background of various markets.

The previous release on March 3 didn’t beat the expectations with 56.5 vs. 61.2. That’s why the USD boost was less than usual, only 430 points or 0.43%.

2.png

How to trade on PMI release?

PMI usually affects all pairs associated with the US dollar. Don't forget about gold. XAUUSD could experience a sharp move down if the index beats expectations.

  • If the actual number is better than expected, the USD will rise.
  • Otherwise it fall.

Check the Economic Calendar.

Instruments to trade: EURUSD, GBPUSD, XAUUSD, USDJPY.

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

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!

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