A1 Trading Company

ISM Manufacturing & Services PMI

PMI, sourced from nationwide surveys of managers, offers traders insights into economic trends and allows them to analyze its influence on commodities, indices, and currencies.
What is PMI?
The Purchasing Managers Index (PMI) is a key forward looking indicator of an economy. The indicator is derived from the surveyed responses from purchasing managers across the country.

Within the survey, purchasing managers are asked about the current business conditions they are facing, and their plans to hire/purchase/etc. The aggregated responses are then indexed as a number between 0 and 100. Anything above 50 suggests overall expansion in the economy while anything below indicates a contraction.
HOW CAN TRADERS USE THIS data?
The ISM manufacturing index (mPMI) represents the manufacturing sector, while the ISM services index (sPMI) represents the services sector. Within the EdgeFinder, we display each of these indicators, as they are each important independent measurements of an economy.

A positive change in PMI suggests growth, or slower decline. So, if PMI in either category come in higher, it is considered optimistic for an economy.
ISM Manufacturing PMI Data for USD

How is PMI Calculated on the EdgeFinder?

Manufacturing & Services PMI Score Calculation

The EdgeFinder considers the change from previous data to latest data in mPMI & sPMI. If positive growth, bullish for currency & stock market, bearish for gold, bullish for commodities and crypto. If negative growth, all signals are reversed. For currency pairs, both respective economies are considered, leading to the possibility of a range from -2 to +2 in score for this category.
Frequently Asked Questions (FAQs)
View more FAQs here.

What time frames can you use the edgeFinder on?

The EdgeFinder gives directional bias and is not time based. Therefore, there is not a specific time frame that is best for the EdgeFinder.

What assets are included on the EdgeFinder?

Forex Majors:
AUDUSD, NZDUSD, USDZAR, GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD

Forex Minors:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY

Metals:
XAUUSD, PLATINUM, SILVER, COPPER

Energy:
USOIL

Indices:
GER30, US30, SPX500, US10Y, NAS100, JP225, UK100, RUSSELL

Bonds:
US10Y

Is the EdgeFinder realtime?

While the EdgeFinder is not necessarily realtime, it is fully automatic in its data collection. The EdgeFinder uses a variety of data sources and inputs. Most price data updates are on a 15 minute timer, while economic data updates every few hours. COT data updates weekly (as it only releases 1 time per week), and retail sentiment updates every 30 minutes.

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There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
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