US NMI at 53.9%; GDP Growing at 1.9%; November Non-Manufacturing ISM Report On Business | Forex Factory

  • US NMI at 53.9%; GDP Growing at 1.9%; November Non-Manufacturing ISM Report On Business

    From prnewswire.com

    Economic activity in the non-manufacturing sector grew in November for the 118th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee: "The NMI® registered 53.9 percent, which is 0.8 percentage points lower than the October reading of 54.7 percent. This represents continued growth in the non-manufacturing sector, at a slightly slower rate. The Non-Manufacturing ... (full story)

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swing77
Dec 4, 2019 9:12am
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hmmm what mean's of trade war??? @mr. Tariffs Man
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Anand-FX
Dec 4, 2019 9:29am
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I bought USD/JPY

ISM Non-Manufacturing PMI came slightly less than forecast but the deviation is too small to be bearish for USD/JPY. Forecast (shown on calendar of many sites) is an average of forecasts of many analysts, it is not a fixed figure, different analysts have different forecasts, so price action post release is the key to enter a news trade. Therefore, I entered buy at 108.831.

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trieunhaho
Dec 4, 2019 9:10am
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US's Economy is staying strong.
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Anand-FX
Dec 4, 2019 12:15pm
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I think $ is done for the day. It may be going sideways until release of NFP. Closed my $/yen at BE.
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