by Henry Liu on April 1, 2012
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 52.4
ACTION: 56.0 SELL EURUSD/ 50.0 SELL USDJPY
Trade Plan
We´ll be looking for around 2.5 ~ 3.3 points of deviation for this trade. If a 56.0 or better number is released, we could see some USD strength, thererefore SELL EURUSD. If the opposite is true, or 50.0 figure is released, expect to see weaker USD in the short term, therefore we should SELL USDJPY.
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by Henry Liu on April 1, 2012
Manufacturing PMI is a leading indicator that is usually released early in the month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast:
4:30am (NY Time) UK Manufacturing PMI Forecast 50.5 Previous 51.2
ACTION: GBP/USD BUY 52.5 SELL 49.0
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by Henry Liu on April 1, 2012
The last trading week of the quarter was uneventful as investors celebrated the equity market performance… European stocks were had their best quarter since 2009, up 7%, while Japan’s Nikkei index rose nearly 20% in the quarter, for its best performance in 24 years. MSCI’s benchmark emerging equity index was up 13.7% on the year. In the US, the S&P500 rose 12%, for its best quarterly performance since Q3 2009, while the DJIA had its best Q1 since 1998.
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by Henry Liu on March 5, 2012
The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; especially when its released early in the week before the Employment report. Here’s the forecast:
10:00am (NY Time) CA IVEY PMI Forecast 62.0 Previous 64.1
ACTION: USD/CAD BUY 58.0 / SELL 66.0
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by Henry Liu on March 4, 2012
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 55.0 Previous 56.0
ACTION: GBP/USD BUY 57.5 SELL 52.0
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by Henry Liu on February 29, 2012
Manufacturing PMI is a leading indicator that is usually released early in the month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast:
4:30am (NY Time) UK Manufacturing PMI Forecast 52.0 Previous 52.1
ACTION: GBP/USD BUY 54.0 SELL 49.5
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by Henry Liu on February 6, 2012
The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; especially when its released early in the week before the Employment report. Here’s the forecast:
10:00am (NY Time) CA IVEY PMI Forecast 58.5 Previous 63.5
ACTION: USD/CAD BUY 55.0 / SELL 61.5
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