When trading the USD/EUR it is important what economic events will influence the prices. Some indicators include:
Purchasing Managers Index Manufacturing (PMI)
This data is released on the first working day of the month that follows.
- this is a survey of manufactoring providers showing cost and demand
- this is the leading release showing expected strength of manufacturing output in the Euro Zone
- a strong PMI, where costs are low and demand is on the rise is likely to be bullish for the Euro
- 50 is a critical measure in the PMI index. Below this level this is an indication that the EZ is contracting.
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