Intraday Market Thoughts

ISM vs PMI Comparisons & 6 out for 7 in Golden Cross

by Ashraf Laidi
Apr 2, 2012 22:10

The ISM manufacturing report confirms that US is the only G10 nation whose PMIs (manufacturing and services) have continuously avoided a double dip contraction.While the March manufacturing ISM edged up to 53.4 from 52.4, the Employment component hit a 9-month high at 56.1 from 53.2. New Orders index slipped to 54.5 from 54.9. Meanwhile. With the EURUSD hitting Golden Cross in effect, we remind you that EURUSD rose between 10-18% when the 55-DMA crossed above 100-DMA (3 occasions), and fell 12-20% when the 55-DMA crossed below 100-DMA (3 occasions). Our Premium Intermarket Insights have new trades on EURUSD, Gold & US crude oil, with new charts on US ISMs vs UK, GERM, CHIN & Ezone Manuf PMIs, as well as Daily vs Weekly EURUSD. Direct Access to tonights trades found here: NON subscribers please click here:


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