The Fundamental FOREX Blog

Tomorrow, Monday, 02-01-10 at 10:00 AM ET the USD ISM Manufacturing PMI report will be 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 “follow up” post for last month, click here for a review. There was another important news release at the same time.

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 54.9

Forecast = 55.5

The Manufacturing PMI is “forecast” as an improvement for the US economy.

Here is how I am set up for tomorrow:

USD-8-00AM-02-01-10
Looking for a Change of 2 to 3
Actual >  Forecast = Good for USD
USD ISM Manufacturing PMI
——actual———-forecast———-previous
________________55.5________54.9
out at 57.5 or higher – SELL GBP/JPY
out at 53.5 or lower – BUY GBP/JPY

USD Treasury Sec Geithner Speaks

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

The next scheduled release of the USD – Manufacturing PMI is Monday, 03-01-10 at 10:00 AM ET.

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

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

But, stay tuned!