US ISM Non-Manufacturing PMI is a leading indicator and especially important during a NFP week; but since it is scheduled AFTER NFP, I would pay attention to it but stay away unless we get a strong surprise as the aftershocks from NFP should still be in full effect.
10:00am NY Time US ISM Non-Manufacturing. PMI Forecast 57.0 Previous 57.2
If our tradable releases are reached, there is a good expectation that the market will move 50 pips within the next 120 minutes.
I´ll be using my retracement trading method for this release, for more information on my news trading methods, please read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: EURUSD.
US ISM Non-Manufacturing PMI | February 3, 2017 | Forex Trading
January 30, 2017 by Leave a Comment