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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
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 last week, here’s the forecast:
4:30am (NY Time) UK Services PMI Forecast 55.1 Previous 55.4
ACTION: GBP/USD BUY 57.5 SELL 52.5
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
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 earlier this week, here’s the forecast:
4:30am (NY Time) UK Services PMI Forecast 55.6 Previous 55.3
ACTION: GBP/USD BUY 58.0 SELL 53.0
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
4:30am (NY Time) UK Services PMI Forecast 58.1 Previous 58.4
ACTION: GBP/USD BUY 60.0 SELL 56.0
We’ll be focusing on the Services PMI figure today out of UK and our minimum tradable difference is 2.0 between the forecast release figure and the actual release. If we get at least 60.0 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 55.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 54.2 Previous 53.0
ACTION: BUY 57.0 SELL 51.00 USD/JPY
4:30am (NY Time) UK Services PMI Forecast 51.9 Previous 51.6 ACTION: GBP/USD BUY 54.00 SELL 49.5 We will watch this report closely as Sterling … [Read More...]
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 51.6 Previous 50.6 ACTION: BUY 54.0 SELL 49.0 USD/JPY Today we’ll tradethe ISM Non-Manufacturing PMI, or … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference ACTION: N/A We’ll be focusing on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an official … [Read More...]
[flv:http://www.newsprofiteer.com/093009-usadpnfp/093009-usadpnfp.mp4 480 360] 8:15am (NY Time) US ADP NFP Changes Forecast -200K Previous -298K ACTION: USD/JPY or USD/CHF BUY … [Read More...]
We'll be getting the Retail Sales figure out of New Zealand today, since Retail Sales is a direct reflection of the economy, this release is considered as an high impact release... Here's the forecast: 6:45pm … [Read More...]
7:00am (NY Time) CA Employment Change Forecast -19K Previous -7.4K ACTION: USD/CAD SELL +6K BUY -42K Canada's Employment Change is expected at -19.0K this month. If we get … [Read More...]
7:00am (NY Time) UK Interest Rate Decision Forecast 0.50% Previous 0.50% ACTION: GBP/USD N/A BOE is scheduled to release its interest rate decision once again today, and it is expected … [Read More...]
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