US ISM Non-Manufacturing PMI
Sometimes you can take this indicator for trading but its popularity remains extremely low. It is not so cheerful as its colleague US ISM Manufacturing PMI, as it has less weight in the structure of the economy. It is sensitive to the zone of 50.
Features of the publication
(!) Hot Season Sale
The next signal
How to trade US ISM Non-Manufacturing PMI
If the data exceeds the forecast, USDJPY grows and vice versa.
It is necessary to exercise extreme caution when trading with this indicator since it has not only the traditional sensitivity of the PMI to the sensitive threshold of 50 but also the reduced market attention.
In the case of a trading deviation of triggers, with 90% probability, we can note that the movement will be slow and it is necessary to show restraint and to execute a correct assessment of the situation whether it is worth to remain in the position on the market after the signal.
Traditionally, the farther we are from 50, the smaller the reaction of the market against the trend will be. That is, if we have a fact at the level of 43 basis points, then the fact 42 will be much better for selling the pound than at 45.
Sometimes, analysts consider the US ISM Non-Manufacturing PMI employment component if the indicator is published before Non-Farm Payrolls, but its weight of influence on the overall situation is minimal.
It is necessary to be careful when trading this indicator.
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