EUR/USD: Trading the U.S. ISM Manufacturing Report

Written by David Song, Currency Analyst

Manufacturing activity in the U.S. is expected to contract for the fourteenth consecutive month in March as businesses face fading demands from home and abroad however, the data could foreshadow a stabilizing market as economists forecast the ISM index to increase to 36.0 from 35.8 in February.

Trading the News: U.S. ISM Manufacturing

What’s Expected

Time of release: 04/01/2009 14:00 GMT, 10:00 EST
Primary Pair Impact : EURUSD

Expected: 36.0

Previous: 35.8

Impact the U.S. ISM Manufacturing has had on EURUSD over the last 2 months