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Good Morning VIP Traders,
News of the Day
Manufacturing PMI and services PMI highlight Friday’s economic calendar
Flash Manufacturing PMI (Purchasing Managers’ Index) is a leading economic indicator that measures the business conditions in the U.S. manufacturing sector.
It is released earlier than the final PMI, so markets treat it as high-impact, forward-looking data.
Flash Manufacturing PMI is a high-impact news event. If the reading comes higher than expected, the USD typically strengthens.
If it’s weaker, the USD may fall. During the release, volatility increases, so it’s best to trade with proper risk management and keep an eye on the news timing.
Usual Effect: Actual > Forecast = Good for currency
News Impact : High
GOLD:
Support : 4049.34
Resistance : 4088.57
Disclaimer " This is only for educational purposes to take trades according to your understanding and Risk Management