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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: , , , , , , , , , , , , , , , ,

Forex Trading Strategy For Nonfarm Payroll Employment Change (NFP) 07/02/10

July 1, 2010 By Henry Liu 7 Comments
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8:30am (NY Time) US NFP      Forecast -110K       Previous 431K
Unemployment Rate                   Forecast 9.8%        Previous 9.7%
ACTION: USD/JPY                        BUY -30K                 SELL -180K

We’ll be focusing on the NFP release today, which is expected at -110K as median forecast figure taken from different surveys, and the previous release figure was at +431K.  If you remember what took place during last NFP release, market reacted with risk aversion sentiment as the actual figure missed expectation by 90K, causing stronger demand for safe-haven currencies such as the USD and JPY across the board.

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Filed Under: Forex News Trade, US Non-Farm Payroll, USA 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

This is a preview of Forex Plan For US ISM Manufacturing PMI 07/01/10. Read More...
Filed Under: Forex News Trade, US ISM Manufacturing, USA Tagged With: , , , , , , , , , , , , , , ,

Trading The U.S. Nonfarm Payroll 06/04/10

June 3, 2010 By Henry Liu 3 Comments
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8:30am (NY Time) US NFP      Forecast 515K       Previous 290K
 (Unemployment Rate 9.8%)
ACTION: USD/JPY        BUY 600K           SELL 450K

We’ll be trading the NFP release today, which is expected at +515K with a previous release of 290K.  If you remember what took place during last NFP release, market reacted with extreme risk aversion sentiment despite of the surprise NFP release by positive 100K of deviation, and that’s mainly due to the unexpected rise in Unemployment Rate to 9.9% from 9.7%…

This is a preview of Trading The U.S. Nonfarm Payroll 06/04/10. Read More...
Filed Under: Forex News Trade, US Non-Farm Payroll, 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: , , , , , , , , , , , , , , , ,

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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