Contract: Euro Futures
Result: No Trade
Prior: 49.3
Expected: 50.0
Actual: 52.3
I didn’t trade this report as the stock index futures were going crazy so I was focused on those.
Description
The Institute of Supply Management (ISM) Manufacturing Index measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation’s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
Posted by keymoo 