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.

Will ISM PMI Indicate Contraction?

Will ISM PMI Indicate Contraction?

Information is not investment advice

What will happen?

The US Institute for Supply Management will release ISM manufacturing PMI on June 1, at 17:00 MT time (GMT+3). It’s a leading indicator of economic health as businesses react quickly to market conditions. Purchasing managers have perhaps the most current and relevant insight into companies’ views of the economy. They rate the relative level of business conditions, including employment, production, new orders, prices, etc. Around 300 purchasing managers take part in the survey.

Why is it important?

It’s no secret that the economy is damaged due to inflation, rising rates, supply issues, and geopolitics. Thus, there is a high chance of ISM PMI decrease. Moreover, the index may enter the contraction zone (fall below 50.0) and put even more pressure on the USD and stocks. If purchasing managers consider the economy weak, that goes for the broad market too.

Last time, the result was less than expected (55.4 Actual vs 57.5 Forecast). The reading caused volatile moves in EURUSD. However, the pair slid lower due to the euro weakness. A 1-lot sell trade on the top of the movement would have brought a profit of $350.

news 1.png

How to trade on ISM manufacturing PMI?

Compare the actual results with the expectations. The market will probably expect numbers above 50.0. Thus, if the reading is lower than 50.0, the USD will be under heavy pressure.

  • If the actual numbers exceed expectations, the USD will move sideways
  • Otherwise, the USD will fall.

 Check the Economic Calendar.

Instruments to trade: EURUSD, GBPUSD, USDJPY

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