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

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

72.12% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

An index that will rock USD

An index that will rock USD

Information is not investment advice

What will happen?

The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).

Why is it important?

The index shows how managers estimate business conditions in the services industry. It’s better when this indicator is increasing. In addition, there is another thing to consider. Look at the indicator’s value: if it’s above 50, the services industry is expanding, and all is well. The industry is contracting if the ISM Non-Manufacturing index shows a reading below 50.0. The relation between the indicator and the US dollar is straightforward. The higher the ISM Non-Manufacturing index is, the better for the USD.    

What happened last time?

On December 3, the ISM Non-Manufacturing index came out much higher than expected. The number was 69.1 versus the forecast of 64.9. As a result, USD/CAD rose from 1.2780 to 1.2840 during the several hours after the release.

usdcad.png

How to trade on ISM Non-Manufacturing PMI?

Open the economic calendar a few days before the US Initial Jobless Claims release. How high is the forecast? Notice that the recent readings have been very high. As a result, it won’t be easy for the indicator to outmatch forecasts. 

  • If the actual figure exceeds the forecast, the USD will go up.
  • If the actual figure misses the forecast, the USD will go down.

Instruments to trade: all the major pairs and XAU/USD

Check the economic calendar

LOG IN

Similar

Popular

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later