Manufacturing PMI is a leading indicator and it’s usually released during early month.  Traders pay attention to this release for surprises as this survey may help to shape the general trend of the market.  Here is the forecast:

4:30am (NY Time) UK Manufacturing PMI  Forecast 57.6   Previous 58.0
ACTION: GBP/USD        BUY 59.6         SELL 55.0

The Manufacturing PMI is forecasted at 57.6. Since PMI’s medium point is at 50, this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).

Manufacturing PMI is a leading indicator and usually it is release during early month.  Traders pay attention to this release as strong surprises in this survey could predict the general trend of the market.  Here is the forecast:

4:30am (NY Time) UK Manufacturing PMI  Forecast 57.8   Previous 58.0
ACTION: GBP/USD        BUY 59.8         SELL 56.8

The Manufacturing PMI is forecasted at 57.8. Since PMI’s medium point is at 50, this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).

4:30am (NY Time) UK Manufacturing PMI  Forecast 56.8   Previous 56.6
ACTION: GBP/USD        BUY 58.8         SELL 54.8

We’ll be focusing on the Manufacturing PMI number from UK  today and it’s forecasted at 56.8 and since PMI’s medium point is at 50, this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).