shopify stats

U.S ISM Non-Manufacturing PMI for Feb, Understanding

March 3, 2016 6:18 pm

Today the US Dollar Index in bearish trend, due to yesterday crude oil inventories. Now recently announced the Challenger Job Cuts (YoY) i.e. measures the change in the number of job cuts announced by employers. Job cuts sub component of NFP,  so the event help us to determine the NFP data but must measures the all other sub components.

U.S ISM Non-Manufacturing PMI for Feb forecast 53.2 from 53.5, so the derivative value is 0.3, so the impact on market low volatile if the derivative value as per forecast.

Our recommendation is that if the derivative value increase 0.5 then good positive impact and negative accordingly. In overall economic out look today U.S ISM Non-Manufacturing PMI for Feb may be positive.

Tags:

Leave a Reply


Trackbacks