Don’t waste your time – keep track of how NFP affects the US dollar!

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All attention to USD

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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