Why is it important?

This report is based on the survey of about 250 manufacturers in the Philadelphia Federal Reserve district. They are asked to rate the level of current business conditions. Businesses react quickly to market conditions, that’s why the changes in their sentiment can be an early signal of future economic activity.

Last time, the Philly Fed Manufacturing Index came out worse than expected. As a result, USD/CAD dropped by 130 points just in half an hour after the release.

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What will happen?

Why is it important?

How to trade on Philly Fed Manufacturing Index?

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