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PMIs Can Be A key To Your Trading

PMIs Can Be A key To Your Trading

3 Months ago | April 28, 2019 00:00:00

John M. Bland, MBA, co-founder, Global- View.com

Purchasing Manager Indices Have Been Predicting A higher USD. Although the various PMI indices published each month cannot be argued to be hard data, they do provide a consistent view of the developments in key global economies. The index can run from 0 to 100 in any given month with 50 being the dividing line between economic expansion or contraction. Generally the results tend to fall between 40 and 60, and more often than not they are above 50.

An outcome below 50 is usually viewed as problematic by traders. In the chart below, I have run three month moving averages of key economies, the Eurozone, Japan, the U.S. and U.K. Moving averages are intended to smooth out month to month swings in the data and provide clearer compar

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