revival_fx

I'm very interested in this thread.

There are other sources of PMI, but here is what Forex Factory has to say about HSBC's PMI Measurement. Measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, around 3 weeks into the current month; FF Notes Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Feb 2011, is the earliest and thus tends to have the most impact; Why Traders Care It'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 Via Survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;