EURUSD Intra-Day Fundamentals - ISM Non-Manufacturing PMI and 23 pips price movement
- past data is 56.2
- forecast data is 56.3
- actual data is 56.7 according to the latest press release
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - ISM Non-Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
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"The report was issued today by Anthony Nieves, CPSM, C.P.M., CFPM, chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee. "The NMI®
registered 56.7 percent in January, 0.2 percentage point higher than
the December reading of 56.5 percent. This represents continued growth
in the non-manufacturing sector. The Non-Manufacturing Business Activity
Index increased to 61.5 percent, which is 2.9 percentage points higher
than the December reading of 58.6 percent, reflecting growth for the
66th consecutive month at a faster rate. The New Orders Index registered
59.5 percent, 0.3 percentage point higher than the reading of 59.2
percent registered in December. The Employment Index decreased 4.1
percentage points to 51.6 percent from the December reading of 55.7
percent and indicates growth for the eleventh consecutive month. The
Prices Index decreased 4.3 percentage points from the December reading
of 49.8 percent to 45.5 percent, indicating prices contracted in January
when compared to December. According to the NMI®, eight
non-manufacturing industries reported growth in January. Comments from
respondents vary by industry and company; however, they are mostly
positive and/or reflect stability about business conditions."
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EURUSD M5: 23 pips price movement by USD - ISM Non-Manufacturing PMI news event
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