Last Friday the US ISM Non-Manufacturing PMI* came as 49.6 (it was expected 53) caused the DXY to drop further, increasing the probability of recession.
It's good to be prepared ahead of time, so it's best to keep an eye on the Economic Calendar and to look for the high impact events.
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*For more information on ISM Non-Manufacturing PMI see the link below
investopedia.com/terms/i/ism-nonmfg.asp
It's good to be prepared ahead of time, so it's best to keep an eye on the Economic Calendar and to look for the high impact events.
---
*For more information on ISM Non-Manufacturing PMI see the link below
investopedia.com/terms/i/ism-nonmfg.asp
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.