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UK PMI Construction

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United Kingdom

The UK’s Сonstruction PMI index is not so popular as its neighboring brothers. So, it is worth treating it with extreme caution. The Services and Manufacturing PMI data is much more popular. Nevertheless, under certain conditions, the Construction PMI can be used.

Features of the publication

Sensitive to the zone of 50
Not very popular
Sensitive to the general trend of the pound sterling
Leading indicator

The next signal

9:30 Monday (04/12/2017)
Recommended trading pair
GBPUSD

How to trade UK PMI Construction

If the data exceeds the forecasts, GBPUSD grows.

The UK’s Сonstruction PMI index is a leading indicator and it is formed on the basis of interviewing the industry manager respondents. Nevertheless, it has a reduced attention of the market and gives a good signal to trading occasionally, when the market actually experiences a statistical hunger strike or the deviation of the news from its forecast occurs according to the current trend of the pound sterling movement.

 

It is worth treating this release with extreme caution since the signal on this indicator can produce a weak movement of the trading pair.

History of publications

Date:
02/11/2017
Signal:
Buy 2
Cons:
48.00
Fact:
50.80
Dev:
2.80
React:
5
Direct:
Mute
Pair:
GBPUSD
Best entry
Worst entry
Others
Date:
03/10/2017
Signal:
Sell 3
Cons:
50.80
Fact:
48.10
Dev:
-2.70
React:
20
Direct:
Down
Pair:
GBPUSD
Best entry
Others
Date:
02/08/2017
Signal:
Sell 1
Cons:
54.50
Fact:
51.90
Dev:
-2.60
React:
15
Direct:
Down
Pair:
GBPUSD

Comments

Comments (1)

  • anon
    EvGenius96 (not verified)

    Спасибо за сигнал, +10

    Aug 02, 2017

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