US ISM Manufacturing PMI and Non-Manufacturing PMI are both scheduled ahead of the NFP his week, market participants will be paying close attention to these releases as any sharp surprises will change market sentiment all the way until Friday.
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 | May 1, 2017 | Forex Trading
April 30, 2017 by Leave a Comment