Below are the details about today’s economic data which may impact the situation of the market.
USD ISM Manufacturing PMI at 7:30 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Released monthly, on the first business day after the month ends;
Next Release date: June 01, 2022
Economic Indicator: Above 50.0 indicates industry expansion, below indicates contraction
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
Forecast- [57.5]
Previous- [57.1]
Actual- ?
Impact- The forecast figure seems to be positive for base metals and the dollar while negative for bullions. The actual figure to release at 7:30 PM.