Tomorrow, Thursday 08-20-09 at 10:00 AM ET, the two following reports will be released:
USD Philly Fed Manufacturing Index release by the Federal Reserve Bank of Philadelphia released on a monthly basis.
USD CB Leading Index released by The Conference Board, Inc. also released on a monthly basis, but not always with the Philly Fed.
In the month of June on Thursday 06-18-09 at 10:00 AM ET, I posted a “results” report, click here to review
There was a report released on Thursday July 16, 2009, but the Philly Fed report was released alone.
The Philly Fed seems to have the greatest impact on the market.
Here is the set up for this month:
USD Philly Fed Manufacturing Index Stats
previous = -7.5
forecast = -1.9
The “forecast” shows that there is a possibility of an improvement in the manufacturing by a survey of manufacturers in Philadelphia.
I use a good sized difference between the “actual” report and the “forecast”, 15.0 to 20.0 difference – the CB Leading Index should not be a factor.
If the “actual” comes out at a +12.5 or higher, or a -16.0 or lower, the GBP/JPY may be the best to trade, in June it moved up well with a positive report, see the June report, click here
I will be posting a “follow up” post soon after, probably this weekend.
So – stay tuned!
