Profit is where readiness meets Opportunity
DislikedThere's another index called the Business Week production index, which has about a 70% correlation to the ISM. It shows that production has declined for 9 straight weeks and is at it's lowest level in over 2 years. There are several other clues for how the ISM might look; inventories are building and employnment in the manufacturing sector is down.
If it does turn out the ISM is down to around the 50 level or even below, it should be a good oppurtunity to get long in the Eur or GBP. The GBP did hit 9750 last night and got strongly rejected, so it's possible that action could get repeated. Let's see how it goes.Ignored
DislikedYesterday the PMI came out earlier than expected...Where do you guys look for the number? I look at Bloomberg is there a website besides this calendar you guys look at?Ignored
DislikedMerlin if u get the data early today you gonna record it here asap BUDDY ?Ignored
Dislikedget to top of movement, how long today we were all expecting bad numbers so..... ?Ignored