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Trading the GBPUSD based on the Manufacturing PMI Data from the UK:

Discussion in 'Market Predictions and Reports' started by Huskins, Apr 2, 2012.

  1. Huskins

    Huskins Former Special Consultant to the FPA

    Oct 3, 2007
    Likes Received:
    Investment Professionals needed a kind of a measurement matrix that is Trans border; an apple to apple comparison of the state of different Industries/ economies in different countries. The Purchasing Managers’ Indexes™ (PMIs) have been developed in many countries to provide purchasing professionals, business decision makers and economic analysts with an accurate and timely set of data to help better understand industry conditions.
    PMIS are indexes based on survey data from similar companies across different countries, the companies are carefully selected so that they exhibit the performance of the sector and industry. These Indexes are the first indications of what is actually happening in the private sector, they track important variables such as purchases, production, output, employment, stock levels and most importantly prices the manufacturing, construction, retail and service sectors.

    Over the last 16 Month period there have been 5 instances in which we have registered a Manufacturing PMI from the UK less than 50, the chart (On my Website) displays a vertical RED line on the Month in which we have had PMIs less than 50; and guess what ? 4 out of those 5 months have been red!!! Besides; over the last 16 months we have had 4 instances that the UK manufacturing PMIs have increased by over 3 index points compared to that of the previous month; indicated by the vertical green line. And 4 of those 4 instances we have had positive months!!!!

    To Read the Complete article along with specific day trading plans please visit: http://fxjust.com/trading-the-gbpusd-based-on-the-manufacturing-pmi-data-from-the-uk/

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