Post Tagged with: "ISM Manufacturing PMI"
Forex Daily Outlook – May 1st 2009
It’s Labor day in Europe, so trading will be thinner than usual. But this May 1st still offers some interesting figures, such as British Manufacturing PMI and American ISM Manufacturing PMI. Let’s see what’s up for today: Japanese Average Cash Earnings start the day, with an expected fall of 2.7%. Later in Australia, Commodity Prices will be published. Commodities are
Forex Weekly Outlook – April 27 – May 1 2009
This week, features interest rate decisions from the US, Japan and New Zealand. Advance GDP in the US will also be in the limelight, as well as the ISM Manufacturing PMI. Let’s dive into the important figures for the upcoming forex trading week. Monday, April 27th: GfK German Consumer Climate will start the forex trading week, and
Continued American Housing Doesn’t Help The Dollar
Housing data in the US continues to shine, with Pending Home Sales showing strength and surprising. But the markets have their heads in the next two days: G20 Summit and NFP. Tension is high… Pending Home Sales have been very positive: A rise of 2.1%, compared to early expectations of 0.2%. Comparing to last month, it
Forex Daily Outlook – April 1st 2009
Lots of important indicators all over the globe – British Manufacturing PMI, German Retail Sales, American ADP Non-Farm Employment Change,ISM Manufacturing PMI and Pending Home Sales are only a small part of today’s figures. Take a deep breath… The day starts in Australia, with two major releases: Building Approval are expected to rise by 1.5%, after
Forex Weekly Outlook – March 30 – April 3 2009
Big week ahead in the forex market. Non Farm Payrolls, ECB rate decision and the G20 summit talks will be the highlights of the week. There are lots of other major indicators this week, that begins with important indicators on Sunday night! Here’s what’s cooking for us this week: Sunday, March 29th: There are important
Forex Daily Outlook – March 4th 2009
In this mad forex week, Wednesday is relatively a “calm before the storm”. But it’s only relatively, since there are a few important releases today as well, that could help the Euro decide if it’s really breaking out… Australia, the country down under with up over interest rates, showed a surprising contraction: GDP fell by
British Pound – First Breakout of the Week
The forex week began with a big move by the British pound. It fell below the below the 1.40 mark. This happened after bad manufacturing PMI was released in Britain, and after the good ISM Manufacturing PMI in the US. GBP/USD is now trading at 1.3977, after breaking support lines, and breaking the 1.40 psychological line.
Forex Daily Outlook – March 2nd 2009
The EU Crisis Summit didn’t provide big headlines, but Monday has a lot of important economic figures. The major ones are the British Manufacturing PMI, Canadian GDP and the American ISM Manufacturing PMI. Yes, PMI is everywhere… In PM (Purchasing Manager’s Index), a level under 50 indicates contraction. The expectations everywhere are in the 30s. Let’s see
Forex Weekly Outlook – March 2-6 2009
The first week of March promises a roller-coaster in the Forex market. The king of indicators, NFP will keep everyone tense up to Friday. Until then, rate decisions in Europe, Britain, Canada and Australia are pumped through the week, as well as GDP from Switzerland, Canada and Australia. There are more major economic releases. Let’s
Forex Behavior Back to Normal
This week has been quite strange in forex trading. The risk factor played a major role in trading. But at least the behavior following the NFP release was normal. On Tuesday, Pending Home Sales in the US were quite high, much better than expected. Instead of being unchanged, the figure rose by 6.3%. Such a