Due to participate in a roundtable discussion at Spelman College, in Atlanta;
Source
Speaker
Federal Reserve Chair Jerome Powell;
Usual Effect
More hawkish than expected is good for currency;
FF Notes
Fed Chair Feb 2018 - Feb 2026. Fed Governor May 2012 - Jan 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders Care
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Fed Chair Feb 2018 - Feb 2026. Fed Governor May 2012 - Jan 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders Care
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, on the first business day after the month ends;
Next Release
FF Notes
Above 50.0 indicates industry expansion, below indicates contraction;
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 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Also Called
Manufacturing ISM Report On Business;
Acro Expand
The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI);
Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, on the first business day after the month ends;
Next Release
FF Notes
Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact. Source first released in May 2012;
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 800 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, on the first business day after the month ends;
Next Release
FF Notes
Above 50.0 indicates industry expansion, below indicates contraction. Source first released in Jun 2011;
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 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
