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Important Forex News On 01 December 2016 | Forexing24

Important Forex News On 01 December 2016 | Forexing24

Important Forex News On 01 December 2016 | Forexing24

Important Forex News: Manufacturing PMI

Currency NameNews Name     Actual   Forecast  Previous
GBPManufacturing PMI???54.454.3
SourceLatest Release
MeasureLevel of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the first business day after the month ends;
Why Trade CareIt’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;
Derived ViaSurvey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

Important Forex News: Unemployment Claims

Currency NameNews Name     Actual   Forecast  Previous
USDUnemployment Claims???252K251K
SourceLatest Release
MeasureThe number of individuals who filed for unemployment insurance for the first time during the past week;
Usual EffectActual < Forecast = Good for currency;
FrequencyReleased weekly, 5 days after the week ends;
Why Trade CareAlthough it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy;
Also CalledJobless Claims, Initial Claims;

ISM Manufacturing PMI

Currency NameNews Name     Actual   Forecast  Previous
USDISM Manufacturing PMI???52.151.9
SourceLatest Release
MeasureLevel of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the first business day after the month ends;
Why Trade CareIt’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;
Derived ViaSurvey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

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