Not much to say about today we had the CAD GDP which came out as expected so there was no trade on that so I will get right to the point.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow I will be watching the ISM Manufacturing. This has just recently become a mover in the last 12 months or so and doesn’t move as well as the Non Manufacturing but could still show us a good move.
This is expected at 53.0 and I would like to see around 2.0 In deviation at the least. I will be trading the GBPUSD And this release comes out at 10am eastern.
To clarify what I will do let me explain. If the ISM comes Out at 55.0 or higher I will go short on the GBP/USD. If it Comes out 51.00 or lower I will go long on the GBP/USD. this release very rarely has revisions so I wont worry to much about that.
I would suggest keeping an eye on the ISM Manufacturing Prices as well for confirmation on the trade. This should be in agreement however if it conflicts by to much I will close the trade.
Possible 25 to 45 pip move
Good Luck trading!!!
