Tuesday, May 3, 2011

US ISM Non-Manufacturing Index PMI - 4 May 2011

US ISM Non-Manufacturing Index PMI - 4 May 2011

ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:

10:00am NY Time US ISM NonManufact. PMI Forecast 58.4 Previous 57.3
ACTION: 60.9 BUY USDJPY / 55.9 BUY EURUSD Read more