by Henry Liu on November 30, 2009
10:00am (NY Time) US ISM Manufacturing PMI Forecast 54.8 Previous 55.7
ACTION: USD/JPY BUY 57.0 SELL 52.0
We’ll be looking to trade the ISM Manufacturing PMI today and we’ll be looking for a minimum of 2.5 of deviation either way. In the event we get a better than expected release, this could once again fuel the sentiment of risk appetite, thus USD could remain under pressure; however, if the release is negative, below the medium 50 level, we could see stronger USD and stronger JPY throughout the rest of the US session. Since this is a leading indicator, investors pay more attention to this release for signs of market direction of December.
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by Henry Liu on November 3, 2009
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 51.6 Previous 50.9
ACTION: USD/JPY BUY 54.0 SELL 49.0
Today we’ll focus once again on the ISM Non-Manufacturing PMI, or better known as the Services PMI, which is a leading indicator of the nation’s Services sector, as many investors look at this release for directional bias on the near-term future of the economy. With the current expectation just above the 50 level at 51.6, in the event that 54.0 is reached, we could see risk appetite returning to the market as JPY weakens across the board; however, if the opposite is true, or 49.0 figure is released, expect to see stronger JPY and possible stronger USD from risk aversion flows.
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by Henry Liu on November 2, 2009
10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.1 Previous 52.6
ACTION: USD/JPY BUY 55.5 SELL 50.0
With US ISM Manufacturing release today, we’ll be looking for a minimum of 2.5 of deviation either way. In the event we get a better than expected release, this could once again fuel the sentiment of risk appetite, thus USD could remain under pressure; however, if the release is negative, below the medium 50 level, we could see stronger USD and stronger JPY throughout the rest of the US session. Since this is a leading indicator, investors pay more attention to this release for signs of the direction of November.
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by Henry Liu on October 4, 2009
[flv:http://www.newsprofiteer.com/100509-uspmi/100509-uspmi.mp4 480 360]
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 50.0 Previous 48.4
ACTION: USD/JPY BUY 52.5 SELL 47.5
We’ll focus and trade today’s ISM Non-Manufacturing PMI, and a leading indicator of the nation’s Services sector, many investors look at this release as a directional index of this month’s economic trend. With the consensus sitting at the medium 50 level and if our tradable trigger of 52.5 is reached, market could react with risk appetite sentiment and push USD lower; or if we get 47.5 or worse, market could turn to risk aversion sentiment and JPY will probably gain across the board.
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by Henry Liu on September 30, 2009
[flv:http://www.newsprofiteer.com/100109-usismpmi/100109-usismpmi.mp4 480 360]
10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.9 Previous 52.9
ACTION: USD/JPY BUY 56.0 SELL 51.0
The Institute of Supply Management Manufacturing PMI releases are highly regarded by traders since their inception, and throughout the years they have been proven to be extremely accurate in predicting the long-term trend as well as a leading indicator over the Manufacturing sector in the economy; this will be the first look of the new quarter as these purchasing managers express their opinion over the economy.
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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.
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