The Fundamental FOREX Blog

Tomorrow, Thursday 10-01-09 at 10:00 AM ET the USD ISM Manufacturing PMI and Pending Home Sales MoM reports will be released along with the ISM Prices Paid, Pending Home Sales YoY and Construction Spending MoM.

USD ISM Manufacturing PMI and Pending Home Sales MoM  have the greatest impact on the currency markets – the ISM Manufacturing PMI being the better.

The USD ISM Manufacturing PMI is released by the Institute of Supply Management and is released monthly, and the Pending Home Sales MoM  is released by the National Association of Realtors and is released monthly.

The last time this combination of reports was released was on Wednesday, 09-01-09 at 10:00 AM ET.

I did a “follow up” post, click here for a review.

Also, I did a “preview” post, click here for a review.

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 52.9

Forecast = 53.9

USD Pending Home Sales MoM stats:

Previous = 3.2%

Forecast = 0.9%

Again, it appears that the “forecast” for each report are in conflict – but the ISM Manufacturing PMI will have the most impact.

I will probably set up to trade the currency pair EUR/JPY, if the Manufacturing PMI “actual“ comes out about 4 more or less than the “forecast”, and the Pending Home Sales MoM  “actual” is not too far off of the “forecast” I may enter a trade.

This could be a tricky trade at best – be careful.

I am not sure when the next scheduled release of  this combination of reports will be.

But, stay tuned!