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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? January 23^rd at 3:30pm Eastern Time.

Trading Tip: If the actual higher is lower than the forecast, you can expect the EUR to rise.

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? January 23^rd at 3:00pm Eastern Time.

Trading Tip: If the actual higher is lower than the forecast, you can expect the EUR to rise.

Ask us about our FREE signals program: 

Other top stories:

Countless Already Joined and Made a Profit - What About You?

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) European QE

The ECB is tipped to announce a huge stimulus program that could inject as much as one trillion euros ($1.2 trillion) into the Eurozone economy by the end of 2016. Quantitative easing is the last big weapon left in the ECB's arsenal and most experts say its deployment is long overdue. The euro was steady early Thursday buying $1.16.

2) Earnings & Economics

Verizon (VZ, Tech30) and Southwest Airlines (LUV) are due to report earnings before the opening bell and Starbucks (SBUX) issues its results after the close. It's a light day for economic data, just the US government's weekly jobless claims due out at 8:30am ET.

3) International Markets Overview

European markets were moving higher in early trading, while Asian markets ended with gains. The Shanghai Composite extended its recent strong run, closing up 0.6%.

4) Market Recap

It was an upbeat session for US markets Wednesday. The S&P 500 rose 0.5%, the Nasdaq added 0.3% and the Dow Jones industrial average put on 0.2%.

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On Wednesday, the EUR/USD pair tried to break out up, however the sharp movement up was immediately pushed back below 1.1600.

We can explain this jump on the pair as an attempt of the market to get the price higher before today’s European Central bank press conference where is widely expect that ECB will increase its QE to support ultra-low inflation.

The question right now is whether the price will go further down to its 11-years low, or it will return slightly up as market already priced in the worse scenario.

The press conference is taking place at 1:30pm GMT which is 45 minutes after they will announce a minimum bid rate. We expect very high volatility during these hours! The movement is sideways.

Ask us about our FREE signals program: 

Other top stories:

Countless Already Joined and Made a Profit - What About You?

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

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