CURRENCY
STRENGTH METER

    

ECONOMIC
NEWS

    

FOREX
NEWS TRADING

    

FOREX
LIVE TRADING

    

FOREX
EDUCATION

    

FOREX QUESTIONS
& ANSWERS

  
 
   
3rd Party Advertisement

Advertise Here  

indicator

US ISM Non-Manufacturing PMI 09/03/09

by Henry Liu on September 2, 2009

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.

Click on post title above to read the full article.


1 comment


EU German ZEW Economic Sentiment 08/18/09

by Henry Liu on August 17, 2009

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.

Click on post title above to read the full article.


Be the first to comment


US ISM Non-Manufacturing PMI 08/05/09

by Henry Liu on August 4, 2009

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.

DEFINITION

3rd Party Advertisement Advertise Here

Click on post title above to read the full article.


Be the first to comment


Next Entries →