Sweden PMI - Manufacturing


Fx News Spike Signals by Crazy Cat, 2018/02/01

Release Time: 02:30 New York time (EST)
Primary currency pair: EUR/SEK, USD/SEK
Forecast: 61.0
Prior: 60.4
LT1 (Lower Trigger 1): -3.5 [BUY]
UT1 (Upper Trigger 1): +3.5 [SELL]

If SE Manufacturing PMI comes out at 57.5 or less ( -3.5 trigger), USD/SEK should go up by about 110 pips. If it comes out at 64.5 or better ( +3.5 trigger), USD/SEK should go down by about 110 pips.

There are only three estimates. Median estimate is 61.0 and the average estimate is 61.5. The highest estimate is 63.6 (one vote), then 61.0 (one vote), and finally 60.0 (one vote).

In the past it looks like sometimes it performs relatively well but it's not guaranteed. On a quite few occasions the price action wasn't so great. It will also depend on your broker. Some brokers may raise spreads to 200 or higher, whereas some others may offer low fixed spread. EUR/SEK and USD/SEK perform very similar so check with your broker to see which one is better to trade.

Obviously, if your broker widens spreads to very high values, then you should skip this report. Otherwise, you may give a try but please be very conservative with your trade sizes.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy


Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. FastEconomicNews.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.