US ISM Non-Manufacturing PMI is the last significant tradable release on jobs and economy before Friday’s NFP, and considering the majority labor force is Non-Manufacturing based, a strong/weak reading today will surely impact the market’s expectation.
10:00am NY Time US ISM Non-Manufacturing. PMI Forecast 56.1 Previous 56.2
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 | May 3, 2017 | Forex Trading
April 30, 2017 by Leave a Comment