Trade the News – ISM Manufacturing PMI

Trade the News – ISM Manufacturing PMI

The Manufacturing Index shows business conditions in a country’s manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries. It is a significant indicator (High Impact) of the overall economic condition in a particular country. Today using the ISM Manufacturing PMI data for the US, we will be applying some relevant setups & strategies for USD crosses, and following the trend that this news creates. A high reading is seen as positive for the USD, while a low reading is usually seen as negative.

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