On Thursday, April 01st (03:55 am New York Time) we will have German Manufacturing PMI coming out.
I recommend staying out. I will not be trading it and the only reason I post this message is because some people ask for this report.
Please read what this indicator means and how it affects the EUR/USD by going to this link: German Manufacturing PMI
The trigger for this indicator is 99999. This means: no trade.
Last time, a week ago, we had 59.6 versus 56.8 expected. The market did not care at all:
Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for GER Manufacturing PMI
Good luck! from Jc Lyons
Wednesday, March 31, 2010
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