Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How may purchasing managers push the USD?
Information is not investment advice
What will happen?
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time. The indicator‘s calculations are based on a survey of about 300 purchasing managers. It asks respondents to rate the relative level of business conditions. If the index is higher than 50, it indicates industry expansion. On contrary, a level below 50 shows a slowdown of an industry. During the previous release, the indicator reached 60.8 points, marking the highest optimism since September 2018.
How to trade on the ISM Manufacturing PMI?
It’s very easy to trade on this indicator! You just need to follow the forecasts in the economic calendar.
- If the indicator is higher than the forecast, the USD will strengthen;
- If the indicator is lower than the forecast, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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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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