Forex Factory Calendar Headlines It is a fact that forex economic news move the market, so better you keep an eye on the calendar headlines during your forex trading. Free download ps2 emulator for mac. This indicator will show the forex factory calendar headlines right in your chart. Event: AIG Performance of Service Index Period: Oct Previous Reading: 52.5 Forecast: Actual Reading: Tracks monthly developments in the Australian services sector, condensing data into an overall boom or bust index. The composite index is based on the surveys for sales, new orders, employment, inventories and deliveries, compiled by American International Group. The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia's service sector that accounts for a majority of Aussie GDP. The headline number uses a 50 baseline; readings above 50 signify growth, while those below 50 show contraction in the services sector. Event: Monetary Policy Meeting Minutes Period: Sep Previous Reading: Forecast: Actual Reading: The Bank of Japan publishes the summary from its monthly monetary policy meetings some time after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and decide the central bank’s monetary policy. The minutes usually come out late, at least a month after the meeting, but give detailed insight into the Bank of Japan’s monetary policy decision making process. Event: Markit Services PMI Period: Oct Previous Reading: 53.1 Forecast: Actual Reading: The Chinese Markit Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The Markit Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices. Calendar HeadlinesA higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY. Event: PMI Services Period: Oct Previous Reading: 53.9 Forecast: Actual Reading: A monthly gauge of the UK service sector that takes into account business outlook. Best Forex Brokers Mt4The survey queries executives in transport and communications, financial intermediation, business services, personal services, computing and IT, hotels and restaurants. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the service sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole. Because the contribution services makes to the economy tends to be very consistent and predictable, Services PMI figures typically do not move markets The PMI is presented as an index with a value between 1-100.
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