Tomorrow, Thursday 09-03-09 at 10:00 AM ET, the USD ISM Non-Manufacturing Composite report will be released.
This report is released by the Institute of Supply Management
Tomorrows report is being release alone, the last time this was released alone was on Monday, 07-06-09 at 10:00 AM ET. Unfortunately I missed making a charts record of what transpired – however, I do have a “stats” record.
USD ISM Non-Manufacturing Composite stats:
Previous = 44.0
Forecast = 45.9
Actual = 47.0 this may have had some impact on the currency market.
Here is the set up for tomorrow.
USD ISM Non-Manufacturing Composite stats:
Previous = 46.4
Forecast = 48.3
It appears that the economists believe things are improving – so…..
I will probably be prepared to trade the EUR/JPY currency pair if the “actual” comes out at least 3.0 more or less than the “forecast” of 48.3.
I will be posting a “follow up” post soon after the reports release.
Stay tuned!
