ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) today. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 57.0 Previous 56.6
ACTION: 59.5 BUY USDJPY / 54.5 BUY EURUSD
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 56.5 Previous 56.9
ACTION: 59.0 BUY USDJPY / 54.0 BUY GBPUSD
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 54.2 Previous 54.4
ACTION: 57.0 BUY USDJPY / 51.5 BUY GBPUSD
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 54.5 Previous 56.3
ACTION: 57.0 BUY USDJPY / 52.0 BUY EURUSD
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 53.2 Previous 55.5
ACTION: USD/JPY BUY 56.0 SELL 50.5 USDJPY
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Manufacturing PMI Forecast 54.2 Previous 56.2
ACTION: USD/JPY BUY 57.0 SELL 51.5 USD/JPY
10:00am (NY Time) US ISM Manufacturing PMI Forecast 54.1 Previous 53.6
ACTION: USD/JPY BUY 56.5 SELL 51.0
We’ll be looking to trade the ISM Manufacturing PMI once again today and our tradable deviation for a safe trade is 2.5 points either way. In the event we get a better than expected release, this could once again fuel the recent bullish rally of USD; however, if the release is negative, below or close to the medium 50 level, we could see some relieve and consolidation of the greenback… Since this is a leading indicator, investors pay more attention to this release for signs of market direction this month.
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Forecast 3.0% Previous 1.8%
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