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Manufacturing PMI stats
Sep 01, 2017 at 09:50
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1 Replies
Sep 01, 2017 at 09:50
Hi all, I was wondering if anyone can help me.
For those who trade off the economic calender, with regards to the Manufacturing PMI stats, I understand that a higher reading than previously is bullish for the currency whereas a lower reading is bearish.
My question is: What if the results have not changed from previous, what effect would that have on the currency?
Thank you all
For those who trade off the economic calender, with regards to the Manufacturing PMI stats, I understand that a higher reading than previously is bullish for the currency whereas a lower reading is bearish.
My question is: What if the results have not changed from previous, what effect would that have on the currency?
Thank you all
Sep 05, 2017 at 09:21
Basically, if the new values are similar to previously expected, the market should not react strongly or at least reaction would be weak. This is related to all news, not just for a PMI.
Better values - in general should support the national currency releasing the event, but this should not be taken as a constant as well.
Better values - in general should support the national currency releasing the event, but this should not be taken as a constant as well.
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