On Monday, 01-04-10 at 10:00 AM ET the USD ISM Manufacturing PMI report was released along with two other reports.
USD ISM Prices Paid
USD Construction Spending (MoM)
USD ISM Manufacturing PMI has the greatest impact on the currency markets.
The USD ISM Manufacturing PMI is released by the Institute of Supply Management
and is released monthly,
and the Construction Spending is released by the Census Bureau and is released monthly.
I did a “preview” post for this month, click here for a review.
Here is what happened for this month:
USD ISM Manufacturing PMI stats:
Previous = 53.6
Forecast = 54.1
Actual = 55.9
Good – the “actual came out higher than “forecast” by 1.8.
Good – the “actual came out higher than “previous” by 2.3.
Overall, this may not have been all that good for the USD as one can tell by the charts – I did not enter a trade.
Here are the charts:
a one minute EUR/JPY chart
This currency pair EUR/JPY spiked up/down 1st minute about 14 PIPS/ 10 PIPS
Move up next 2 minutes about 9 PIPS
Move down next 25 minutes about 54 PIPS
a one minute EUR/USD chart
This currency pair EUR/USD spiked down 1st minute about 15 PIPS - right direction
Move up next 9 minutes about 21 PIPS – wrong direction
Move down next 12 minutes about 33 PIPS - right direction
Move up next 31 minutes about 52 PIPS – wrong direction
a one minute GBP/JPY chart
This currency pair GBP/JPY minor range up for 10 minutes about 19 PIPS
Move down next 37 minutes about 120 PIPS
a one minute GBP/USD chart
This currency pair GBP/USD move down 1st minute about 11 PIPS – right direction
Move up next 9 minutes about 35 PIPS – wrong direction
Move down next 48 minutes about 75 PIPS - right direction
a one minute USD/CAD chart
This currency pair USD/CAD move up 1st 2 minutes about 12 PIPS – right direction
Move down next 9 minutes about 39 PIPS – wrong direction
Move up next 10 minutes about 29 PIPS – right direction
Move down next 40 minutes about 45 PIPS – wrong direction
a one minute USD/JPY chart
This currency pair USD/JPY minor range 1st 6 minutes.
Move down next 41 minutes about 49 PIPS – wrong direction
I did not enter a trade this time – just a little confusing!
The next scheduled release of this combination of reports will be on Monday, 02-10-10 at 10:00 AM ET.
I will probably post a “preview” a day or two before.
Stay tuned!
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