Today’s economic news update, remember the general rule that if the figures comes out greater than expected,that is good for the currency involved.

UK MANUFACTURING PMI

Currency affected : GBP

Time released         : 4:30am NY (11:30 South African time)

Expected figure      :53.5

Previous figure       :53.0

USA MANUFACTURING PMI

Currency affected : USD

Time released.       : 10:00am NY ( 17h00 South African time)

Expected figure     : 53.4

Previous figure     :53.5

AUSTRALIA INTEREST RATE

Currency affected :AUD

Time released        : 10:30am NY (05:30am (next day,South African time )

Expected figure    :2%

Previous Figure    : 2.25%

HAPPY TRADING AND KEEP IT LOW RISK ALWAYS.