HSBC Flash Manufacturing PMI (CNY) – 22/10

What is it? It checks thelevel of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

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.

Usual Effect: If the number is higher than the forecast, you can expect the CNY to rise.

When? October 22nd at 9:45pm Eastern Time.

 

Trading Tip: This announcement can greatly affect the CNY, make sure to make your trades before.

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