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US ISM Non-Manufacturing

Discussion in 'Economic Indicator Descriptions' started by Felix Homogratus, Nov 3, 2009.

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  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Oct 1, 2007
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    US ISM Non-Manufacturing comes out at 10:00 am New York Time on the first Wednesday of every month.

    ISM stands for Institute for Supply Management. What they do is survey executives in non-manufacturing sector by asking them a series of questions about their sales, new orders, deliveries, employment, and inventories, such as are you planning to fire, hire, or stay unchanged on new workers in the near future? Then they average out all the answers, and they get a number anywhere between 1 and 100.

    Non-manufacturing sector includes restaurants, communications, transportation, movie theatres, financial institutions, et cetera.

    A number of 50 means that, on average, the non-manufacturing industry in the USA did not improve over previously measured month. A number above 50 means that the non-manufacturing industry expanded over previously measured month. A number below 50 means that the manufacturing industry contracted over previously measured month.

    A better than expected number is usually good for US dollar, so GBP/USD tends to go down. A worse than expected number is usually bad for US dollar, so GBP/USD tends to go up. To read more about this report, please visit Institute for Supply Management - Home Page, which is the organization that gathers and analyzes the data and releases the number.

    I highly recommend you see a history of this report and charts of how they affected the GBP/USD and other currencies. You can do that by visiting our calendar Forex news trading calendar with economic events analysis and currency exchange charts

    Once there, find the report, and click on the "File Box" on its right.

    If you want me to email you 1 day before this report is released, and explain to you in details on how to trade it, then please sign up for my free trading signals by going to this link:
    Forex Daily Trading Signals - Forex Peace Army Forum

    In the signal, I tell you exactly how many pips the currency will most likely move, depending on the difference between expected and actual numbers.
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