Tomorrow, Friday, 09-03-10 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 = 54.3
Forecast = 53.6
The economists are forecasting a very small decline in the economy.
Here is my set up for tomorrow.
USD-10-00AM-ET-09-03-10
Looking for a 3 difference
Actual > Forecast = Good for USD
USD ISM Non-Manufacturing PMI
——actual———-forecast——previous
________________53.6_______54.3
out at 56.6 or higher – SELL EUR/USD
out at 50.6 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 Tuesday, 10-05-10 at 10:00 AM ET.
I will probably write a “preview” post a day or two prior.
Stay tuned!
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