ISM Manufactoring a positive motivator or not?

Published on Wednesday January 6th, 2010 at 11:11PM by PipTiamat

The past few months (November/December) I took a break from trading to celebrate the holiday season and now its back to trading.For the new year the ISM Manufacturing has been on a half way decent incline (55.9 for December), But I'm not to hopeful yet. We have to remember Nov/ Dec are the major spending holidays and according to ISM Imports are up and Exports are down. Although both are above the median (50) their is still room for improvement.Imports being up is rather obvious reason why, holiday shopping. Exports on the other hand tells me that we may still have some slow and painful growing to do. If on the holiday season the US isn't selling very much we might still see some additional decline in 2010. We'll have to wait and see.Best of luck and happy trading!Pip out~
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  • Go to ari's profile

    On Monday January 11th, 2010 at 03:15PM by ari -

    PipTiamat, would you like another pip sandwich? I'd like to invite you to a webinar we are doing. It's free and I think you can get a lot out of it. To register, please click on this link https://www1.gotomeeting.com/register/942728832. Our website is www.fxcem.com. We are here to provide free services unparalleled to any other. Happy trading and I look forward to seeing you at our webinar.

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