Joined Feb 2006
|
Status: Pips Pod...
|1,611 Posts
"The non-manufacturing ISM has taken some of the negative spin off the dip below 50 on the manufacturing ISM last week," said Divyang Shah at IDEAGlobal, adding that today's data could point to payrolls numbers on Friday "also surprising to the upside".
I havent traded ISM Non Manufacturing ever and stayed out. I was wanting to trade it today but had no idea. When I read the number being very strong my initial thought was buy USD, but inexperience prevailed.
Seems like the FED were right to say that growth was outside of manufacturing.