The Fundamental FOREX Blog

Tomorrow, Wednesday, 09-01-10 at 10:00 AM ET the USD ISM Manufacturing PMI report will be released along with two other reports.

USD Construction Spending (MoM)
USD ISM Manufacturing Prices

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.

And the USD ISM Manufacturing Prices is released by Institute for Supply Management.

I did a “follow up” post for last month, click here for a review.

I did not trade last time!!!

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 55.5

Forecast = 53.2

The Manufacturing PMI as “forecast” shows a decline for the US economy.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-09-01-10
Looking for a Change of 2 to 3
Actual >  Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
_______________53.2_______55.5
out at 55.2 or higher – BUY USD/JPY
out at 51.2 or lower – SELL USD/JPY

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

The next scheduled release of the USD – Manufacturing PMI is Wednesday, 09-01-10 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!