The Fundamental FOREX Blog

Tomorrow, Tuesday, 07-06-10 at 10:00 AM ET, the USD ISM Non-Manufacturing  PMI report will be released.

This report is released by the Institute of Supply Management.

Last month I did a “follow up” of this report , click here for a review.

Here is what is happening tomorrow:

USD ISM Non-Manufacturing  PMI stats:

Previous = 55.4

Forecast = 55.1

The economists are forecasting a small decline in the economy.

Here is my set up for tomorrow.

USD-10-00AM-ET-07-06-10
Looking for a 3 difference
Actual > Forecast = Good for USD
USD ISM Non-Manufacturing PMI
——actual———-forecast——previous
________________55.1_______55.4
out at 58.1 or higher – SELL EUR/USD
out at 52.1 or lower – BUY EUR/USD

I did not trade last month!!

Be sure to check out the “follow up” post for last month.

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

The next scheduled release of this report is on Wednesday, 08-04-10 at 10:00 AM ET.

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

Stay tuned!