Measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories.
The UsdJpy should be the benefactor of a + deviation.
Consensus 60
A deviation of 3.8 should move the market 40 to 90 pips
A deviation of 2.8 should move the market 30 to 50 pips
A 100% retracement is possible in the following 1 hour. If no conflicts this entry should be good for 100% of the initial reaction.
Retail positioning stands at 1.6 as there are 1.6 buyers for every 1 seller.
The retail positioning ratio signifies that if there is a - deviation > 3.4 and price breaks 93.70 stops will be hit and price will continue lower. Retail positioning has been fairly steady in the last week.
For live retail positioning information click here.
For 60 Second video on how to trade Retail Positioning click here.
To get news alerts by email click here.
The UsdJpy should be the benefactor of a + deviation.
Consensus 60
A deviation of 3.8 should move the market 40 to 90 pips
A deviation of 2.8 should move the market 30 to 50 pips
A 100% retracement is possible in the following 1 hour. If no conflicts this entry should be good for 100% of the initial reaction.
Retail positioning stands at 1.6 as there are 1.6 buyers for every 1 seller.
The retail positioning ratio signifies that if there is a - deviation > 3.4 and price breaks 93.70 stops will be hit and price will continue lower. Retail positioning has been fairly steady in the last week.
For live retail positioning information click here.
For 60 Second video on how to trade Retail Positioning click here.
To get news alerts by email click here.