The Fundamental FOREX Blog

Tomorrow, Wednesday, 12-30-09 at 9:45 AM ET the USD Chicago Purchasing Manager Index report will be released.

This report is released by Kingsbury International, LTD.

I did a “follow up” post of last month on Saturday, 12-05-09, click here for a review.

Here is what the set up for tomorrow is:

USD Chicago Purchasing Manager Index report – stats

Previous = 56.1

Forecast = 55.2

I am setting up to trade the currency pair EUR/USD should the “actual” come out 5.0 or more different from the “forecast”.

USD-7-45AM-12-30-09
Looking for a 5.0 Difference
Actual > Forecast = Good for USD
USD Chicago PMI
. actual.        forecast. .     previous
.                        55.2                 56.1
Out at 60.2 or higher – SELL EUR/USD
Out at 50.2 or lower – BUY EUR/USD
watch for 7:42AM release

I did write a “follow up” post of the results soon after, click here to see what happened.

The next scheduled report of this news will be on Thursday, 01-29-10 at 9:45 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!