XAUUSD USD FLASH EVENTS

Buy entry support area for XAU/USD at 2040 with take profit levels at 2045, 2048, and 2052.
STOP LOSS ON THE 2033

Flash USD EVENTS TODAY TARGET OF US SESSION IS 2055/2060
Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Released monthly, around 3 weeks into the current month;
Next Release Jan 24, 2024
FF Notes Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact;
Why Traders
Care It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Derived Via Survey of about 800 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Acro Expand Purchasing Managers' Index (PMI);