10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.9 Previous 52.9
ACTION: USD/JPY BUY 56.0 SELL 51.0
US ISM Manufacturing PMI 10/01/09
September 30, 2009 By 3 Comments
US ISM Non-Manufacturing PMI 09/03/09
September 2, 2009 By 1 Comment
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 48.3 Previous 46.4
ACTION: USD/JPY BUY 50.8 SELL 46.0
We’ll trade today’s ISM Non-Manufacturing PMI as it is a leading indicator of the nation’s Services sector. Since this is a leading indicator, many investors look at this release as an indicator of this month’s economic trend. With the possibility of breaking above the medium 50 level to our tradable trigger of 50.8, market could react with risk appetite sentiment and push USD higher; if we get 46.0 or worse, market could turn to risk aversion sentiment and JPY will probably gain across the board.
EU German ZEW Economic Sentiment 08/18/09
August 17, 2009 By Leave a Comment
5:00am (NY Time) EU German ZEW Economic Sentiment Forecast 45.2 Previous 39.5
ACTION: N/A EUR/USD
I normally don’t trade this release but I feel it is important to mention it today since this report has been gaining popularity by traders as Germany is one of the biggest economies in the Euro Zone; therefore better German economy means better European economy as a whole.
US ISM Non-Manufacturing PMI 08/05/09
August 4, 2009 By Leave a Comment
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 48.1 Previous 47.0
ACTION: USD/JPY BUY 50.5 SELL 45.5
We’ll trade today’s ISM Non-Manufacturing PMI as it is a leading indicator of the nation’s Services sector. This will also provide clues of possible change in the employment trend. We’ll be careful to interpret the reaction because of the wide impact it has as an US news event.
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