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US ISM Non-Manufacturing. PMI
10:00am NY Time US ISM Non-Manufacturing. PMI Forecast 58.0 Previous 59.0
Deviation: 2.5 (BUY USD 60.5 / SELL USD 55.5)
Recommended Pair
USD/JPY
Worse news = Sell
Better news = Buy
Trade Plan
U.S. ISM Non-Manufacturing PMI is better known as the U.S. Services PMI; the current expectation is above the 50 level at 55.5. This figure indicates an expansion in the services sector where 50 is the medium point for the PMI. We´ll be using a deviation of around 2.5 points in order to trade this release. In the event that 60.5 is reached, we could see some USD strength and we should focus on trading against weaker currencies. If the opposite is true and a figure of 53.9 is released, expect to see weaker USD and we should trade with stronger currencies as a below 50 entry shows contraction in the Service sector…
Good Look !!!