Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
All attention to USD
Information is not investment advice
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
This report is considerably significant both for the US dollar and the whole Forex market as the USD is a part of many pairs. Manufacturing PMI reveals the current state of the business environment in the United States. In general, this is the survey of 300 purchasing managers, which depicts how they rate ongoing business conditions. The indicator above 50 demonstrates the expansion of the industry, while the indicator below 50 signals the contraction. Moreover, this report will give a hint of what Friday’s NFP may be like.
- If US ISM Manufacturing PMI is better than estimates, the USD will rise!
- If US ISM Manufacturing PMI is worse than estimates, the USD will drop!
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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