ISM manufacturing PMI related content

• EUR/USD faces major breakout resistance at 1.1075.
• Gold Price Forecast: XAU/USD remains confined in a familiar range ahead of key event/data risks.
• USD/JPY Outlook: Move beyond 200-day SMA will set the stage for additional near-term gains.

About the US ISM manufacturing PMI

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector. It is a significant indicator of the overall economic condition in the US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).