How Do Forex Traders Use ISM Data?

 

ISM data significantly impacts currency values internationally, making the ISM manufacturing index an essential factor in forex trading. Understanding this information (and how to be ready for its monthly publication) is crucial since the ISM manufacturing, construction, and services indices may provide unique chances for FX traders.

Talking points:

  • ISM definition
  • Effects of ISM on currencies
  • How to utilize ISM data in forex trading

ISM: WHAT IS IT?

The Institute for Supply Management (ISM) tracks economic activity throughout the service and industrial sectors. Essential details like adjustments to production levels are included in monthly ISM data releases.

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