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 early this week, here´s the forecast:
4:28am (NY Time) UK Services PMI Forecast 53.5 Previous 54.0
ACTION: GBP/USD BUY 56.5 SELL 51.0
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 54.5 Previous 53.9
ACTION: 57.0 SELL EURUSD/ 52.0 BUY EURUSD
Trade Plan
We´ll be looking for around 2.5 points of deviation for this trade. If a 57.0 or better number is released, we could see some USD strength, thererefore SELL EURUSD. If the opposite is true, or 52.0 figure is released, expect to see weaker USD in the short term, therefore we should BUY EURUSD.
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and its 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.
10:00am NY Time US ISM NonManufact. PMI Forecast 53.0 Previous 52.0
ACTION: 55.5 BUY USDJPY / 50.5 SELL USDJPY
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 early this week, here´s the forecast:
4:28am (NY Time) UK Services PMI Forecast 51.5 Previous 52.1
ACTION: GBP/USD BUY 54.0 SELL 49.0
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 53.3 Previous 52.7
ACTION: 56.0 BUY USDJPY / 50.0 SELL USDJPY
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and its 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.
10:00am NY Time US ISM NonManufact. PMI Forecast 53.5 Previous 52.9
ACTION: 55.5 BUY USDJPY / 51.0 BUY EURUSD
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 early this week, here´s the forecast:
4:28am (NY Time) UK Services PMI Forecast 50.5 Previous 51.3
ACTION: GBP/USD BUY 53.0 SELL 48.0
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