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USD ISM Non-Manufacturing Index

  • #1
  • First Post: Dec 5, 2006 7:39am Dec 5, 2006 7:39am
Does anyone plan on trading this news? If so do you think it will have the same results as last Fridays data.
  • #2
  • Dec 5, 2006 7:41am Dec 5, 2006 7:41am
the non-manufacturing survey usually has less impact then the manufacturing survey we got last week. but i expect a big move out of this report with the way the market has been reacting to US data lately. hold on to your hats
Relax and be happy.
  • #3
  • Dec 5, 2006 7:51am Dec 5, 2006 7:51am
looks like we found some dollar lovers
Profit is where readiness meets Opportunity
  • #4
  • Dec 5, 2006 7:53am Dec 5, 2006 7:53am
If they number is greater than expected, do you see a miniature dollar rally? If the number falls within expectations do you see little movement? And if the number is like 50.something do you see a little rally? And if it falls below 50 a huge dollar selloff? What's your opinion on each of these situations?
  • #5
  • Dec 5, 2006 7:57am Dec 5, 2006 7:57am
The question is why after so bad news concerning Unit Labor Cost and Non Farm Productivity, we have make a UP-DOWN to be at the same levels as before these news... strange...
  • #6
  • Dec 5, 2006 8:12am Dec 5, 2006 8:12am
Quoting dswk
The question is why after so bad news concerning Unit Labor Cost and Non Farm Productivity, we have make a UP-DOWN to be at the same levels as before these news... strange...

yep, I'm short dollar and now double guessing myself, can anyone shed light, strange day and more to come I guess
  • #7
  • Dec 5, 2006 8:14am Dec 5, 2006 8:14am
Bloomberg just reported that Trichet ignored calls to curb the EURO appreciation...Meaning tha Trichet is comfortable with the appreciation and is set to raise rates even furthur if needed be...
  • #8
  • Dec 5, 2006 8:14am Dec 5, 2006 8:14am
Quoting logical1
yep, I'm short dollar and now double guessing myself, can anyone shed light, strange day and more to come I guess
Which pair are you in and at what price did you get in at? I always wait till the next piece of data comes out since ISM is about to be looked at very carefully...
  • #9
  • Dec 5, 2006 8:17am Dec 5, 2006 8:17am
Quoting tremon333
Which pair are you in and at what price did you get in at? I always wait till the next piece of data comes out since ISM is about to be looked at very carefully...


both entries on tech breakthroughs,

usd/jpy in at 114.80, (took break below 115.00)
usd/chf in at 1.1880 (for break below 1.1900, OUCH, entry triggered then $bulls came in)
  • #10
  • Dec 5, 2006 8:24am Dec 5, 2006 8:24am
From Reuters....

"The Institute for Supply Management's non-manufacturing survey, due at 10 a.m. (1500 GMT), is expected to show that the sector grew at a slower pace last month and could put the dollar back under broader selling that helped sterling to 14-year highs last week."
  • #11
  • Dec 5, 2006 8:32am Dec 5, 2006 8:32am
Quoting dswk
From Reuters....

"The Institute for Supply Management's non-manufacturing survey, due at 10 a.m. (1500 GMT), is expected to show that the sector grew at a slower pace last month and could put the dollar back under broader selling that helped sterling to 14-year highs last week."
Meaning that the number could be bad?
  • #12
  • Dec 5, 2006 8:39am Dec 5, 2006 8:39am
Quoting tremon333
Meaning that the number could be bad?
Could... i'm not sorcerer...
  • #13
  • Dec 5, 2006 8:42am Dec 5, 2006 8:42am
what kind of deviation numbers does everyone like on this one?

I am thinking 4.0 with 5.6 beign a really safe one.
Profit is where readiness meets Opportunity
  • #14
  • Dec 5, 2006 8:45am Dec 5, 2006 8:45am
Quoting FXopportunist
I am thinking 4.0 with 5.6 beign a really safe one.
Answer in 15 min ...
  • #15
  • Dec 5, 2006 8:50am Dec 5, 2006 8:50am
Quoting FXopportunist
what kind of deviation numbers does everyone like on this one?

I am thinking 4.0 with 5.6 beign a really safe one.
I'm using 5.5 for my safe trigger - let's see........
  • #16
  • Dec 5, 2006 9:00am Dec 5, 2006 9:00am
Quoting forexprincess
I'm using 5.5 for my safe trigger - let's see........
3.4 - no where near! Shame - nice move.
  • #17
  • Dec 5, 2006 9:03am Dec 5, 2006 9:03am
Quoting forexprincess
3.4 - no where near! Shame - nice move.
Yup, that was a good spike. Oh well, I prefer to be conservative one these things.
Profit is where readiness meets Opportunity
  • #18
  • Dec 5, 2006 9:10am Dec 5, 2006 9:10am
thats the biggest move i can ever remember from the non-manufacturing report. crazy days...
Relax and be happy.
  • #19
  • Dec 5, 2006 9:15am Dec 5, 2006 9:15am
And I thought it would not even touch support at 1.9720.
I'm happy with 35 pips anyway. No need to get greedy, right?
  • #20
  • Dec 5, 2006 9:24am Dec 5, 2006 9:24am
Thanks Merlin,

I wasn't planning on trading this news until you mention that there may be heavy movement. Thanks again!!!
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