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How to Trade ISM Manufacturing on Thursday
[FONT=Arial] [B][U][SIZE=2]What is Expected [/SIZE][/U][/B] [SIZE=2]Time of release: [B]10:00EST; 15:00GMT 3/01/2007[/B][/SIZE][/FONT] [SIZE=2][FONT=Arial]Consensus expectation:[B] 50.0 [/B][/FONT][/SIZE] [SIZE=2][FONT=Arial]Prior reading :[B] 49.3 [/B][/FONT][/SIZE] [SIZE=2][FONT=Arial]Primary Pair Impact[B] : EURUSD [B][SIZE=2][FONT=Arial] [COLOR=#ff0000]Like What You See? Get These Types of Ideas on a Daily Basis by Contacting [/COLOR] [/FONT][/SIZE][/B] [/B][/FONT][/SIZE] [IMG]http://www.dailyfx.com/export/sites/dailyfx/story-images/2007/02/special_report/tradingnews/tradingnews_0228_1.gif[/IMG] [IMG]http://www.dailyfx.com/export/sites/dailyfx/story-images/2007/02/special_report/tradingnews/tradingnews_0228_2.gif[/IMG] [B][SIZE=2][FONT=Arial]How To Trade This?[/FONT][/SIZE][/B] [B][FONT=Arial][SIZE=2] [/SIZE][/FONT] [/B] [FONT=Arial][SIZE=2]As always, the general rule of thumb in trading event risk is to wait at least 5 minutes before putting the trade on in order to observe if the market price responds to the fundamentals. In the case of the ISM Manufacturing, event risk traders should note the structure of the candle if it contains a very long wick, price continuation may not occur. Additionally, whether the reading falls below/rises above the 50 level is crucial as it notates expansion or contraction in the sector and can potentially exacerbate the amplitude of price action. [IMG]http://www.dailyfx.com/export/sites/dailyfx/story-images/2007/02/special_report/tradingnews/tradingnews_0228_3.gif[/IMG][/SIZE][/FONT]