We’ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released last week, here’s the forecast:
The Services PMI is tradable with a minimum deviation of 2.5 between the forecast release figure and the actual release. If we get at least 57.5 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 52.5 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
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We’ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released earlier this week, here’s the forecast:
The Services PMI is tradable with a minimum deviation of 2.5 between the forecast release figure and the actual release. If we get at least 58.0 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 53.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
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We’ll be focusing on the Services PMI figure today out of UK and our minimum tradable difference is 2.0 between the forecast release figure and the actual release. If we get at least 60.0 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 55.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
Click on post title above to read the full article.
We’ll be trading the Services PMI figure today out of UK and our minimum deviation is 2.0 from the forecast release figure. If we get at least 57.0 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 53.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
Click on post title above to read the full article.
We will be focusing on the Services PMI figure today and our minimum deviation is 2.0 from the forecast release figure. If we get at least 58.6 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 54.7 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
Click on post title above to read the full article.
We will be trading the Services PMI figure today and our minimum deviation is 2.0 from the forecast release figure. If we get at least 58.7 or better, we could see further demand in the GBP and we should BUY GBP/USD or GBP/JPY pairs. If we get a 54.7 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
Our focus will be on the Services PMI figure today and we’ll look for a minimum deviation of 2.0 from the forecast release figure. If we get at least 59.0 or better, we could see further demand in the GBP that should justify for LONG trades on GBP/USD or GBP/JPY pairs. If we get a 55.0 or worse release, GBP could weaken or at least show a quick profit taking reaction from the overnight bullish move.
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Currency Strength Meter shows the strength of the major currencies in the Forex market... the idea is to trade in the direction of a strong currency against a weak one... For more information on CSM and its usage, please visit What Is CSM for more information.
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