IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE EMPIRE STATE MANUFACTURING INDEX RATES THE RELATIVE LEVEL OF GENERAL BUSINESS CONDITIONS NEW YORK STATE. A LEVEL ABOVE 0 INDICATES IMPROVING CONDITIONS, BELOW 0 INDICATES WORSSENING CONDITION. THE READING IS COMPILED FROM A SURVEY OF ABOUT 200 MANUFACTURERS IN NEWYORK STATE
A HIGHER THAN EXPECTED READING SHOULD BE TAKEN AS POSITIVE/ BULLISH FOR THE USD,WHILE A LOWER THAN EXPECTED READING SHOULD BE TAKEN AS NEGATIVE/ BEARISH FOR THE USD
NOTICE:- THAT THE INDEX FELL FOUR POINTS TO 6.3 DOWN FROM 10.5. POINTING TO A SLOWER PACE OF GROWTH THAN IN OCTOBER
ALSO NOTE, IN NOVEMBER ACTUAL 6.3
FORCAST 13.5
PREVIOUS 10.5
READ THE PREVIOUS POST FOR US DOLLAR INDEX https://stockcharts-home.blogspot.com/2020/11/dollar-index_16.html
TO KNOW IS THE CURRENT READING FOR THIS INDEX FAVORS THE POTENTIAL DECLINE IN USD DOLLAR AS SHOWN IN PREVIOUS POST
