Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3). This indicator represents an index that is calculated based on a survey of purchasing managers in the manufacturing industry. If the indicator is above 50 it signals an expansion of an industry, while figures below 50 indicate contraction. This is important data, as businesses tend to be sensitive to changing economic conditions. Last time, the indicator came out lower than the forecasts (59.5 vs. 60.8 expected). Despite that, the USD had a limited reaction to this release.
If you want to trade on this release, check the economic calendar to see the forecast. Compare the actual figures with the estimates.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
