if tomorrow's data show higher than 54.6 or equal, USD will be demanded quantity volume and EUR will go farther south.
Preview – ISM data will take Main Street pulse
Wednesday’s ISM non-manufacturing release will be very important in registering the US economy’s pulse rate ahead of the key payroll data on Friday. The data will also be crucial in determining whether the dollar can secure the trust needed to attract capital inflows based on more than just fear. The best strategy looks to be fading any initial risk-related EUR/USD gains on a headline figure above 54.0. After the shock decline in the index for April, there was important relief surrounding last month’s figure with a recovery to 54.6 from 52.8. This month’s data will be an extremely important indicator of ... (full story)