ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
What to Expect from USD PMI Release?
Information is not investment advice
What will happen?
The US Institute for Supply Management will announce the Purchasing Managers’ Index (PMI) on April 5, at 17:00 MT. The indicator measures the diffusion index level based on the info from purchasing managers, excluding manufacturing. This is a monthly release.
PMI is a leading indicator of economic health. Businesses respond quickly to market conditions, and their purchasing managers have the most up-to-date and relevant info about the companies’ views of the economy.
This data is obtained from a survey of approximately 300 purchasing managers. The survey respondents were asked to rate the relative level of business conditions, including employment, production, new orders, prices, supplier deliveries, and inventories.
How will USD react?
PMI provides useful information to business decision-makers, market analysts, and investors. It gives an expanded view of the services sector, so that investors have a better understanding of the business environment and valuable insights into the economic background of various markets.
The previous release on March 3 didn’t beat the expectations with 56.5 vs. 61.2. That’s why the USD boost was less than usual, only 430 points or 0.43%.
How to trade on PMI release?
PMI usually affects all pairs associated with the US dollar. Don't forget about gold. XAUUSD could experience a sharp move down if the index beats expectations.
- If the actual number is better than expected, the USD will rise.
- Otherwise it fall.
Check the Economic Calendar.
Instruments to trade: EURUSD, GBPUSD, XAUUSD, USDJPY.
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ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
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