Philly Fed Index

Philly Fed Index

Philly Fed Index is major Forex economic indicator which need to before go in to Forex trade and essential for Forex analysis.

Philly Fed Index Brief

  • The Philly Fed index is a measure of manufacturing expectations.
  • This survey is conducted by the Philadelphia branch of the reserve.
  • Top manufacturers surveyed for their expectations and current conditions and this data is used to develop a numerical index.
  • A positive or rising value for the index (above 50) is seen as positive for the economy as more manufacturing equals more growth.

Philly Fed Index Described

Philly Fed Index

This index is a measure of manufacturing expectations. This survey is conducted by the Philadelphia branch of the Federal Reserve. No top manufacturers are surveyed for their expectations and current conditions. And this data is used to develop a numerical index. The information that that is collected from the survey is used to create the index, the Philly fed index and a positive or rising value for the index. This is a value above 50 is seen as positive for the economy. positive for the US dollar. And this is because a valuable 50 means increase manufacturing and increase manufacturing equals more growth. And, and growth means higher interest rates. So, we see interest rates again, if we have more entertainment value above 50. For the PFD, we can expect a relatively good GDP number. So, an A lot of top fundamentals traders use this index to help predict the possible outcome for GDP.

it’s extremely important to watch a PFD increased manufacturing means increased production and increased production means growth for the economy. And growth for the economy means a stronger economy mean the Federal Bank will increase interest rates and this will attract investors into the country which will raise result in a stronger US dollar. Okay, so PFD is extremely important. In the next lecture, we’ll discuss interest rates.

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Use These Site to Get Fundamental Data

  1. Investopia
  2. Bloomberg
  3. FXstreet
  4. Ransquawk
  5. forexfactory

 

 

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