[flv:http://www.newsprofiteer.com/100509-uspmi/100509-uspmi.mp4 480 360]
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 50.0 Previous 48.4
ACTION: USD/JPY BUY 52.5 SELL 47.5
We’ll focus and trade today’s ISM Non-Manufacturing PMI, and a leading indicator of the nation’s Services sector, many investors look at this release as a directional index of this month’s economic trend. With the consensus sitting at the medium 50 level and if our tradable trigger of 52.5 is reached, market could react with risk appetite sentiment and push USD lower; or if we get 47.5 or worse, market could turn to risk aversion sentiment and JPY will probably gain across the board.
DEFINITION
“The Institute of Supply Management (ISM) Non-Manufacturing Index measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation’s currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.”
Related posts:
- US ISM Manufacturing PMI 11/02/09
- US ISM Non-Manufacturing PMI 11/04/09
- US ISM Manufacturing PMI m/m 12/01/09
- US ISM Manufacturing PMI 01/04/10
- US ISM Non-Manufacturing PMI 09/03/09
- US ISM Manufacturing PMI 10/01/09
- US ISM Manufacturing PMI Forex Trading Plan 10/01/10
- Forex News Trading Strategy For US ISM Manufacturing PMI 12/01/10
- Forex News Trading US ISM Manufacturing PMI 01/03/2011
- ISM Manufacturing PMI Trade Plan 09/01/10
{ 3 comments… read them below or add one }
trading is the only problem am face now.take for your news update am grateful henry luis thanks sir,
Henry,any info on your live tradingroom?
For sure this month.
Stay tuned!!!