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The USD is awaiting the flash manufacturing PMI

The USD is awaiting the flash manufacturing PMI

Information is not investment advice

The United States will publish its flash manufacturing PMI at 16:45 MT time on February 21.

Instruments to trade: EUR/USD, USD/JPY, GBP/USD

This indicator reflects the economic situation of a country. While it’s just a survey of purchasing managers in the manufacturing industry, their answers tend to show the overall views on the current business conditions within a country. If the indicator is above 50, it demonstrates the expansion of an industry, while an indicator below 50 signals a contraction. Last time an indicator came out at a lower-than-expected level. As a result, the USD fell. What awaits the currency this time? 

• If the actual level of indicator is higher than the forecasts, the USD will go up;

• If the actual level of indicator is lower than the forecasts, the USD will go down. 

Check the economic calendar 

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