US ISM Manufacturing PMI is the last significant job related release before Nonfarm Payroll on Friday, but also considering the Fed rate decision in just a few hours, today’s release will probably have more impact if we get a significant deviation…
Here´s the forecast:
If our tradable releases are reached, there is a good expectation of 50 pips of market movement within the next 60 minutes on USD. I’ll be trading this release using my retracement Trading Method. http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs above as they are based on my CSM and should give you the best combination of currencies to trade in the event of a better/worse news… of course, you can always trade the default pair for this release: EURUSD.
US ISM Manufacturing PMI | February 1, 2017 | Forex Trading
January 30, 2017 by Leave a Comment