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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
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
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
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
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
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 54.2 Previous 53.0
ACTION: BUY 57.0 SELL 51.00 USD/JPY
10:00am NY Time US ISM Manufacturing PMI Forecast 57.0 Previous 56.5
ACTION: BUY 59.5 SELL 54.0 USD/JPY
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 51.0 Previous 50.5
ACTION: BUY 53.5 SELL 48.5 USD/JPY
We’ll focusing on the ISM Non-Manufacturing PMI today, or better known as the U.S. Services PMI, and as all Purchasing Manager’s Indexes, it is a leading indicator of the nation’s Services sector, as many investors look at this release for immediate directional preferences on the future of the economy. With the current analyst’s expectation above the 50 level at 51.0, in the event that 53.5 is reached, we could see some USD strength and JPY weakness; however, if the opposite is true, or 48.5 figure is released, expect to see stronger JPY and possibly risk aversion driven market.
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