Hi there
On Monday, Jan 04th at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 54.0. Last month it read 53.6.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...riptions/7327-us-ism-manufacturing-index.html
The trigger for this indicator is 2. This means that if US ISM Manufacturing index comes out at 56.0 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 52.0 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.
At the same time, we will have three other reports coming out. They are ISM Manufacturing Prices and Construction Spending. I think ISM Manufacturing Prices and Construction Spending can be ignored although, as always, if there is a big conflict, I recommend skipping the trade.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...e-sales-after-spike-retracement-strategy.html
For example: on November 2nd, US ISM Manufacturing Index came out at 55.7, versus an expectation of 53. USD/JPY went up by over 50 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD ISM Manufacturing Index
I hope you make some money on this report.
-Crazy Cat
On Monday, Jan 04th at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 54.0. Last month it read 53.6.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...riptions/7327-us-ism-manufacturing-index.html
The trigger for this indicator is 2. This means that if US ISM Manufacturing index comes out at 56.0 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 52.0 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.
At the same time, we will have three other reports coming out. They are ISM Manufacturing Prices and Construction Spending. I think ISM Manufacturing Prices and Construction Spending can be ignored although, as always, if there is a big conflict, I recommend skipping the trade.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...e-sales-after-spike-retracement-strategy.html
For example: on November 2nd, US ISM Manufacturing Index came out at 55.7, versus an expectation of 53. USD/JPY went up by over 50 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD ISM Manufacturing Index
I hope you make some money on this report.
-Crazy Cat
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