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Canada IVEY PMI Trade Plan For 07/07/10

July 6, 2010 By Henry Liu 5 Comments
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10:00am (NY Time) CA IVEY PMI      Forecast 64.0    Previous 62.7
ACTION:  USD/CAD   BUY 60.0   SELL 67.0

We’ll focus on the IVEY PMI (IVEY Purchasing Manager’s Index) from Canadatoday, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey.  And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of  above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.

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Filed Under: CAD Ivey PMI, Canada, Forex News Trade Tagged With: , , , , , , , , , , , , , , ,

Forex Trading Strategy For ISM Non-Manufacturing PMI 07/06/10

July 5, 2010 By Henry Liu Leave a Comment
USA
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ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors.  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 Non-Manufacturing PMI     Forecast 55.1  Previous 55.4
ACTION:   BUY 58.0     SELL 52.00      USD/JPY

This is a preview of Forex Trading Strategy For ISM Non-Manufacturing PMI 07/06/10. Read More...
Filed Under: Forex News Trade, US ISM Manufacturing, USA Tagged With: , , , , , , , , , , , , , , , ,

Trading Plan For UK Services PMI 07/05/10

July 4, 2010 By Henry Liu 1 Comment
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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 last week, here’s the forecast:

4:30am (NY Time) UK Services PMI     Forecast 55.1     Previous 55.4
ACTION: GBP/USD                        BUY 57.5         SELL 52.5

This is a preview of Trading Plan For UK Services PMI 07/05/10. Read More...
Filed Under: Forex News Trade, Great Britain, UK Services PMI Tagged With: , , , , , , , , , , , , , , ,

Forex Plan For US ISM Manufacturing PMI 07/01/10

June 30, 2010 By Henry Liu Leave a Comment
USA
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ISM Manufacturing PMI is similar to the UK Manufacturing PMI, which is also a leading indicator and it’s usually released at the beginning of the month; traders monitor this release as it may help to predict early change in market sentiment and the general tone for the economy.  Here’s the forecast for this event:

10:00am NY Time  US ISM Manufacturing PMI     Forecast 58.9  Previous 59.7
ACTION:   BUY 61.5      SELL 56.5      USD/JPY

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Filed Under: Forex News Trade, US ISM Manufacturing, USA Tagged With: , , , , , , , , , , , , , , ,

Trading Plan For US ISM Non-Manufacturing PMI 06/03/10

June 2, 2010 By Henry Liu 1 Comment
USA
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ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors.  As a leading indicator, traders pay attention to this report for hints of economic trend.  Here’s the forecast:

10:00am NY Time  US ISM Non-Manufacturing PMI     Forecast 55.7  Previous 55.4
ACTION:   BUY 58.0     SELL 53.00      USD/JPY

This is a preview of Trading Plan For US ISM Non-Manufacturing PMI 06/03/10. Read More...
Filed Under: Forex News Trade, US ISM Manufacturing, USA Tagged With: , , , , , , , , , , , , , , , ,

Trading Plan For UK Services PMI 06/03/10

June 2, 2010 By Henry Liu Leave a Comment
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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:

4:30am (NY Time) UK Services PMI     Forecast 55.6     Previous 55.3
ACTION: GBP/USD                        BUY 58.0         SELL 53.0

This is a preview of Trading Plan For UK Services PMI 06/03/10. Read More...
Filed Under: Forex News Trade, Great Britain, UK Services PMI Tagged With: , , , , , , , , , , , , , , ,

How To Trade US ISM Manufacturing PMI 06/01/10

May 31, 2010 By Henry Liu Leave a Comment
USA
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ISM Manufacturing PMI is similar to the UK Manufacturing PMI, which is also a leading indicator and it is usually released at the beginning of the month; traders monitor this release as it may indicate an early change of sentiment of the economy.  Here’s the forecast for this event:

10:00am NY Time  US ISM Manufacturing PMI     Forecast 59.3  Previous 60.4
ACTION:   BUY 62.0      SELL 57.0      USD/JPY

This is a preview of How To Trade US ISM Manufacturing PMI 06/01/10. Read More...
Filed Under: Forex News Trade, US ISM Manufacturing Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

US ISM Manufacturing PMI Trading Plan 05/03/10

May 3, 2010 By Henry Liu 1 Comment
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ISM Manufacturing PMI is a leading indicator and it is usually released at the beginning of the month; traders monitor this release as it may indicate an early change of sentiment of the economy.  Here’s the forecast for this event:

10:00am NY Time  US ISM Manufacturing PMI     Forecast 60.0  Previous 59.6
ACTION:   BUY 62.5      SELL 57.5      USD/JPY

This is a preview of US ISM Manufacturing PMI Trading Plan 05/03/10. Read More...
Filed Under: Forex News Trade, US ISM Manufacturing, USA Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,
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