Swedish PMI - Manufacturing

Fx News Spike Signals by Crazy Cat, 2020/02/03

Release Time: 02:30 New York time (EST)
Primary currency pair: EUR/SEK, USD/SEK
Forecast: 47.6
Prior: 47.1
LT1 (Lower Trigger 1): -3.0 [BUY]
UT1 (Upper Trigger 1): +3.0 [SELL]
Safety: 10

If SE Manufacturing PMI comes out at 44.6 or less ( -3.0 trigger), USD/SEK should go up by about 150 pips. If it comes out at 50.6 or better ( +3.0 trigger), USD/SEK should go down by about 150 pips.

There are only five estimates. The median estimate is 47.6 and the average estimate is 48.1. The highest estimate is 50 (one estimate), and then 48.0 (one estimate), 47.6 (one vote), and 47.5 (two estimates).

This report sometimes performs quite well and sometimes not so well, and it will depend on your broker a lot as well. Some brokers may raise spreads to 200 or higher, whereas some others may offer lower fixed spread.

If your broker widens spreads to very high values, then you should skip this report; otherwise, please be very conservative with your trade sizes.

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