A higher-than-expected figure should be seen as positive (bullish) while a lower-than-expected figure should be seen as negative (bearish).
The Impact of Judo Bank Services Purchasing Managers’ Index (PMI) in Forex Trading:
The Judo Bank Services PMI is a key economic indicator that gauges the performance of the services sector in the economy. Specifically, it measures the purchasing activities of businesses in the services industry. In the realm of forex trading, this index holds significance as it provides valuable insights into the overall economic health and business sentiment. A higher-than-expected Judo Bank Services PMI often suggests a thriving services sector, signaling potential economic growth and positive investor sentiment. Conversely, a lower-than-anticipated reading may indicate economic challenges. Forex traders closely monitor Judo Bank Services PMI releases as they can influence currency valuations, guiding trading decisions based on the perceived strength or weakness of the underlying economy. The timely interpretation of this index contributes to informed and strategic forex trading in response to evolving economic conditions.