Both ISM Manufacturing Index and Non-Manufacturing Index vs. GDP YoY% for the US economy. ISM Manufacturing: Yellow ISM Non-Manufacturing: Blue GDP YoY%: Green/Red ISM Manufacturing currently signaling contraction with a level below 50 and the momentum seems lower. Non-Manufacturing Index is likely to follow the same path although currently signaling growth,...
Macro Monday (6) United States ISM Manufacturing New Order Index - ECONOMICS:USMNO This week I have honed in on the Institute of Supply Management Manufacturing New Orders Index (ISM New Orders Index) as it is the largest component of the headline Purchaser Managers Index(PMI) making up 30% of that index. I also make the case below for how it can act as...
same handler of iSM a telco backdoored issue acquired by DAU (Dennis Ang Uy) ₱1.0 --> ₱20.0 WEB a favorite bread and butter of Balesin folks (owner of iSM Balesin) turned over to Araneta Group for a 100 day recovery to fresh highs entry: spot +- 25% exit: when youre happy
A close above the neckline negates the bearish pattern. If Weak ISM data continues you could see more weakness in this sector. A pair trade I'm watching is Long GE / Short XLI
ISM New Orders Vs Michigan Consumer Sentiment index ISM New orders provide an indication of current consumer demand. Utilising a chart of New Orders readings we can attempt to understand the trend of consumer demand forward. ISM New Orders could be considered an additional gauge of consumer sentiment because if businesses are reporting increases in orders month...
The ISM currently stands at 46.3%, signaling a contraction. Business activity is implying that rising interest rates and growing recession fears are starting to weigh on businesses. The reading pointed to a fifth straight month of contraction in factory activity, as companies continue to slow outputs to better match demand for the first half of 2023 and prepare...
$JPY - What can we do? As mentioned in previous posts, data ISM will impact the market today. However, I am looking at key levels as long as we dont break the lows in the yen - this could be a little bit of a pull back trade we as traders could take advantage of. Don't forget to trade your own plan. Trade Journal
$DXY - Pull back? We have ISM this later afternoon but technically looks like a pull back occurring! Trade Journal
The dollar index continues to decline and tests an important psychological support at 110 Pressure from the ISM manufacturing index and negative expectations for the service index today The dollar is likely to face a wave of weak demand until the end of the week and the emergence of employment data to watch 110.00 108.90
I made a backtest EURUSD and U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) finding a good opportunity going long the day after if Actual PMI is greater than Previous PMI. This is not a standalone strategy but a good piece of a puzzle before deciding to open my trade. This trade has closed this evening with 100 pips profit. my puzzle had today a...
Since the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market. And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data...
Personal notes on the indicator. Heading lower. Last major read was fallout of 08. Incurs a negative bias on the wider economy.
If this current strong price support is lost, we can expect a drop to the $ 1845 range . but its not , (PLEASE SEE THE PREVIOUS ANALYSIS) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.02.2022 ⚠️(DYOR) ❤️ If you apperciate my work...
It is time to go defensive again. ISM PMI declining from expansion, historical high percentiles of distribution. US10Y going down together with ISM. Long Utilities as defensive sector, short IWM small-caps high-beta assets. Best,
There is a macro narrative underway that is wildly bullish for Home Depot. The fuse being lit here under a MASSIVE bull run evident within the latest WSJ article. Get ready for a flood of improvements and investments in homes. Keep in mind how cash flush consumers are, and how pent up they have been in their homes. The WSJ certainly made the case when they...
Big ISM decline with SPX divergence is signaling more SPX downside is likely in coming months
there are some rumors that ISM Manufacturing PMI will be negative so for the fast scalping I recommended buying GBP/USD and XAU/USD for at least 15pips Movement 5 Minutes before the news published in Forexfactory instagram : Simonezed
there are some rumors that ISM Manufacturing PMI will be negative so for the fast scalping I recommended buying GBP/USD and XAU/USD for at least 15pips Movement 5 Minutes before the news published in Forexfactory instagram : Simonezed