German Flash Manufacturing PMI (EUR) – 23/10

What is it? It checks the level 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 23rd at 3:30am Eastern Time.

 

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

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