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USA Economic Data
The ISM Manufacturing PMI for the United States is likely to come at 55.1 from 54.9 a month back as we can see a steady growth in new orders, employment and inventories which offset the slower growth in production. In April 2017 the orders for the durable goods and other household items rose to touch a new three years high.I am expecting the positive sentiments prevalent in United States to have grown stronger in recent days after the victory ofNew US President Mr. Donald Trump which effectively means the United States ISM Manufacturing PMI will keep on rising for next couple of months.
Chicago Purchasing Managers' Index of the United states is expected to come at 58.5 which will mark the straight 15th month of expansion after showing a below 50 reading in the month of February 2016. The five constituent indices Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) are showing good growth in recent months led by increase in New Orders for manufacturing units providing parts heavy industries and automobile sector. This month the Employment index is expected to contribute strongly as the labor market is tight t…
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Sanju777 avatar
Sanju777 23 Aug.

Interesting article

AngleRMS avatar
AngleRMS 24 Aug.

good article

Natalia_Kisenko avatar

Well done!

JuliannaS avatar
JuliannaS 31 Aug.

Useful for next predictions

FXRabbit avatar
FXRabbit 1 Sep.

Very good article!

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Firstly, the upcoming week is on the back of a breakout week with the Yen getting hammered, Euro rising substantially as with CHF. Other than that, most other Currencies remained fairly flat.Against the dollar, the strongest performers were;CHF up 2.62%EUR up 2.33NZD up 0.49%GBP up 0.33%AUD down -0.07%CAD down -0.26%and the big loser JPY down -2.04%.The following week for risk appetite could be very consolidative and the fundamentals could be the biggest driver this week.In this Article I will run through the top 5 scheduled news releases of the next week or that in my opinion will have the biggest impact.1.) CB consumer confidence - Provided by the confidence board where 5,000 households are asked about their opinions on the current and future rate of economic conditions.This is due to be released at 15:00 GMT on Tuesday 28th Feb. An above estimate print gives traders the belief that consumers are more confident and therefore are more willing to spend and improve the economy.Last month we saw an undershoot on the print with 61.1 against estimates of 68.2, and subsequently saw risk-off for the rest of day and in the few minutes preceding EURUSD dropped 25 pips, and 100 pip fall ove…
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FX_Swingtrader avatar

Nice work. I hope next week will be just as good.

masterfxtrader avatar

I like your style towards news etc. I hope you find it profitable.

Vcardozo avatar
Vcardozo 7 Mar.


Ltjere avatar
Ltjere 17 Mar.

Some nice work here. Adds a news side to trading with news. Well done.

marius24 avatar
marius24 23 Mar.

hope to see you much higher bro

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