by Henry Liu on January 3, 2010
10:00am (NY Time) US ISM Manufacturing PMI Forecast 54.1 Previous 53.6
ACTION: USD/JPY BUY 56.5 SELL 51.0
We’ll be looking to trade the ISM Manufacturing PMI once again today and our tradable deviation for a safe trade is 2.5 points either way. In the event we get a better than expected release, this could once again fuel the recent bullish rally of USD; however, if the release is negative, below or close to the medium 50 level, we could see some relieve and consolidation of the greenback… Since this is a leading indicator, investors pay more attention to this release for signs of market direction this month.
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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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