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  1. #1
    Specialist Member LesterK's Avatar

    Hot ISM Manufacturing PMI worse than expected! !!!

    The Institute for Supply Management (ISM) Manufacturing Index is showing business conditions in the US manufacturing sector. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish). Today the expectations were for 50.5, but it came at 49 which immediately lead to 70 pips decline of the US dollar against all the major currencies.

  2. #2
    Veteran Member Dan21's Avatar
    It was really strong momentum on all the major pairs. It started a bit slower but now the EUR/USD is trading 140 pips higher. GBP/USD and AUD/USD something about 120 pips higher. Very dollar negative sentiment at the beginning of this week! What do you expect guys for the continuation of this initial impulse during the week?

  3. #3
    Legendry Member Michael Hodges's Avatar
    no doubt, my analysis went right out the window about an hour after I placed my trades. The USD/JPY tanked and the EUR/USD skyrocketed. in the end though the data was a positive for the equities markets, at least for today. I expect to see a lot more volatility like today.

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