What is it? It checks the level of an 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.
Usual Effect: If the actual number is bigger than the forecast, you can expect the USD to rise.
When? Today (1.10) at 10:00am Eastern Time.
Trading Tip: The announcement can greatly affect the USD, make sure to make your trade before.
Talk to us to get get FREE signals and start earning now:
Other top stories:
September has Been a Bad Month for Trading
4 Investing Secrets of the Rich
Follow us and SHARE this story on Facebook/Twitter: