On Thursday, 12-03-09 at 10:00 AM ET, the USD ISM Non-Manufacturing Composite report was released.
This report is released by the Institute of Supply Management
This report was released alone.
I did a post “preview” of this report on Wednesday, 12-02-09, click here for a review.
Here was the set up for Thursday.
USD ISM Non-Manufacturing Composite stats:
Previous = 50.6
Forecast = 51.6
Actual = 48.7
Bad – the “actual” came out lower then the “forecast” by 2.9, and lower that the “previous” by 1.9.
I had set up to trade the EUR/USD currency pair if the “actual” report came out higher or lower than the “forecast” by 3.0 or more – which it “nearly” did and I did enter a trade.
a one minute EUR/JPY chart
This currency pair EUR/JPY moved down about 37 PIPS 1st 2 minutes -
moved up the next 2 minutes about 18 PIPS.
a one minute EUR/USD chart
This EUR/USD currency pair moved down 1st two minutes about 16 PIPS – wrong direction -
Moved up 3rd minute about 8 PIPS – right direction.
Had a small winning “scalp“!
a one minute GBP/JPY chart
This currency pair GBP/JPY moved down about 54 PIPS in 20 minutes.
a one minute GBP/USD chart
This GBP/USD currency pair moved down for 41 minutes about 28 PIPS – wrong direction.
a one minute USD/CAD chart
This USD/CAD currency pair move up for 20 minutes about 28 PIPS- wrong direction.
a one minute USD/JPY chart
This currency pair USD/JPY moved down about 20 PIPS in 20 minutes – right direction.
The next scheduled release of this report will be on Thursday, 01-06-10 at 10:00 AM ET
I will be probably be writing a “preview” post a day or two before the reports release.
Stay tuned!
2 Trackbacks
[...] did post a “follow up” of this months results, click here to see what [...]
[...] month I did a “follow up” of this report on Monday, 12-07-09, click here for a [...]