Markit, the Financial Information Services Company, will be releasing the Purchasing Manager’s Index for manufacturing later this week on Friday, April 1, 2016 at 4:30 AM ET.
This is a level of diffusion index, and a number above a 50.0 means industry expansion and below indicates contraction.
The report is created from a survey of approximately 600 purchasing managers which are asked about the state of business conditions including inventories, orders and employment production.
This report is released very early in the morning on Friday. However, the trade strategy is low risk and can be placed the night before as early as 11:00 PM ET for 7:00 AM ET expirations.
One strategy, based on previous market reaction to 12 - 24 past reports, is a Straddle with Nadex spreads. The maximum risk is $40 or less and traders will be looking for a $40 profit.
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