Visualisations for the Purchasing Managers Index (PMI)
algofin.substack.com
For this article, I want to circle back to a previous piece on the Purchasing Managers Index. We covered the theory behind this indicator/s in terms of how to understand what they report, but also how we might expect them to affect the markets. As we continue to add tools to our collection of economic features for the forex markets, we need to add some visualisations of real-world examples to our theories and hypotheses. This article takes a look at the UK Services PMI, alongside UK Quarter-on-Quarter (QoQ) GDP and a couple of currency pairs (GBPUSD and EURGBP). The goal here is to demonstrate some methods of initial data exploration that we might conduct to see if there is any basis to our theories.
Visualisations for the Purchasing Managers Index (PMI)
Visualisations for the Purchasing Managers…
Visualisations for the Purchasing Managers Index (PMI)
For this article, I want to circle back to a previous piece on the Purchasing Managers Index. We covered the theory behind this indicator/s in terms of how to understand what they report, but also how we might expect them to affect the markets. As we continue to add tools to our collection of economic features for the forex markets, we need to add some visualisations of real-world examples to our theories and hypotheses. This article takes a look at the UK Services PMI, alongside UK Quarter-on-Quarter (QoQ) GDP and a couple of currency pairs (GBPUSD and EURGBP). The goal here is to demonstrate some methods of initial data exploration that we might conduct to see if there is any basis to our theories.