The Fundamental FOREX Blog

Tomorrow, Wednesday, 08-04-10 at 10:00 AM ET, the USD ISM Non-Manufacturing  Composite report will be released.

This report is released by the Institute of Supply Management.

I did not enter a trade last report!

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  Composite stats:

Previous = 53.8

Forecast = 53.2

The economists are forecasting a very small decline in the economy.

Here is my set up for tomorrow.

USD-10-00AM-ET-08-04-10
Looking for a 3 difference
Actual > Forecast = Good for USD
USD ISM Non-Manufacturing PMI
——actual———-forecast——previous
_______________53.3_______53.8
out at 56.3 or higher – SELL EUR/USD
out at 50.3 or lower – BUY EUR/USD

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 Friday, 09-03-10 at 10:00 AM ET.

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

Stay tuned!