A strong ISM would be nice.

I think a strong ISM number could generate a nice trade that would be easy to manage.

wish not granted LOL I need new majik lamp

Don't panic all ...the contents of the report are far more encouraging than the headline.

Headline 56.0 from 57.0 (estimate 56.0)

New orders 57.2 from 52.1
New export orders 59.0 from 53.0
Employment 53.6 from 51.4

The lower than expected ISM doesn't seem to be blunting the dollar, either vs EUR or the CHF... in fact an entire string of lower-than-expected US data has had the same (or rather hasn't had much) effect.

Think someone mentioned the "oh, the number doesn't mean anything" mentality traders are having.

Or is really everyone going to hang on Bernanke later?

Abobtrader what is your news source. I need a good one.
Thanks

It's all Bernanke today. Notice how cable has been trading with a positive bias relative to EUR/USD over the past couple of hours. Something to bear in mind if the pattern holds and you are looking to establish short USD positions (at times like this it can pay to think of cable as a fuel-injected EUR/USD with reduced downside risk).

I use Reuters, but you can easily bookmark the ISM page and it should be released at exactly the same time....and it's free

Thank you!

I think Cable on H4 is forming a pin bar (by james16).

Queen takes Rook H3

Pin bar, spinning top, doji... = reversal

and indeed it is..

darn.. I just shorted again at the wrong time! oh well, as long as I am swap positive, i can carry this trade till it goes back to my exit price (ie, no STOP trade)!