Forex News Trading and Currency Training Analysis Video
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
10:00am NY Time US ISM Manufacturing PMI Forecast 57.0 Previous 56.5
ACTION: BUY 59.5 SELL 54.0 USD/JPY
We’ll be focusing on the ISM Manufacturing PMI out of US today during the New York Trading session, and our tradable deviation for a is 2.5 points either way for a safe entry. In the event we get a better than expected release, this could fuel the recent risk appetite rally; however, if the release is negative, below or close to the medium 50 level, we could see some minor consolidation resulting more JPY strength (USD/JPY moving down)… Since this is a leading indicator, investors tend to pay more attention to this release for signs of future market directions… And with the NFP scheduled on Friday, this release might have more impact than usual should we get a huge surprise.
10:00am NY Time US ISM Manufacturing PMI Forecast 57.7 Previous 58.4
ACTION: BUY 60.0 SELL 55.0 USD/JPY
We’ll be looking for a possibility to trade the ISM Manufacturing PMI today during the New York Trading session, 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 minor consolidation or even a very tightly traded market… Since this is a leading indicator, investors pay more attention to this release for signs of market direction this month and possibly trend changes… And with the NFP scheduled on Friday, this release might have more impact than usual should we get a huge surprise.
10:00am NY Time US ISM Manufacturing PMI Forecast 55.5 Previous 54.9
ACTION: BUY 58.0 SELL 53.0 USD/JPY
Our focus today is to trade the ISM Manufacturing PMI during the New York Trading session, 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 correction in the recent rally of the greenback… Since this is a leading indicator, investors pay more attention to this release for signs of market direction this month and possibly trend change.
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 50.5 Previous 48.7
ACTION: BUY 53.0 SELL 48.0 USD/JPY
Our focus will be 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 references on the near-term future of the economy. With the current analyst’s expectation above the 50 level at 50.5, in the event that 53.0 is reached, we could see USD strength returning to the market as JPY weakens across the board; however, if the opposite is true, or 48.0 figure is released, expect to see stronger JPY and stronger EUR as USD suffers on a disappointing outlook.
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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