Trade the News – ISM Manufacturing PMI

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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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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