Conclusions based on PMI Data

Trading Discussion News and Economy
1

Good evening,

Nov.1st i observed the reactions of EUR/USD to the release of economic data.

At 14:45 Manufacturing PMI was released (red line), worse than expected but there was no real price-move.

At 15:00 ISM Manufacturing PMI was released, als worse than expected but this time EUR shot upwards.

ISM

ISM1
ISM11016×588 47.8 KB

I did not want to check the past months because maybe someone did it allready and knows the results:rofl:: is there a positive correlation between Man.PMI and ISM Man.PMI ? I mean can you generalize this correlation for future data release?

2

To be more precise:

Can i say, that if Man.PMI is worse, ISM Man.PMI released a cupple of minutes later will be worse as well?