How to Trade PMI Data like a PRO: Purchasing Managers Index EXPLAINED

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[colinruanto]

Hey Nick as someone who’s studying finance in uni while trading in the side. You really helped me elevate my understanding of the markets.

No one can explain the fundamentals in the creator space like you do

[XTRADERXNYC]

Excellent breakdown, Nick! This is why is say you are above the rest when it comes to trading. Even this, I doubt anyone has made this detailed explanation of what PMI is and how it affects the market. Any young or struggling traders should watch this man carefully and try to imitate his approach. I paid a fortune to learn the things Nick preaches and makes videos about

[NoahiShere]

thnks nick, you are really rocking it with fundamentals, it s also what i rely on in my trades alongside some basic chart analysis ofc, not so fancy on drawing 40 lines and 27 squares everytime i want to make a trade.

[Monastirski]

Really great video. More of this videos 🔥

[TeniolaBalogun-qj]

What happens to gold and currencies if the service PMI is strong and the manufacturing PMI is negative. Would we rely on the composite PMI here.

[jordz]

I was thinking about how high inflation could interplay with hot PMI data, glad you covered this. On Tuesday CPI (YoY) went down from 3.4% > 3.1% would have loved this to come down to 2.9% but I really think the 4% $IWM sell off was a massive overreaction which we have seen it correct hugely this week. Be interesting to see how options expiring on Friday played a part in the market trajectory...

[peshawargaming]

If previous is 56.8 and forecast is 55.6 what to do?

[thetradersden]

nick where are the post data videos which you used to make?. Those were very good. we need that

[mstking]

which one we use manufracturing or services ?

[gopalkrishna]

What does this mean to Silver ? Sometimes if manufacturing PMI is above 50 it should be positive for silver as silver is used in many industries!!

[RahulPatel-jn]

What if the manufacturing and service have different broadcasts?

[GeraldRakgotho]

Hey @nike i need you mentorship i wann follow you