GOLD: growth before the publication of the ISM business activity index in the US service sector

January 7, 2015


Buy on a level breakthrough of 1210 with 1238 target. Stop loss = 1190.

Reason for the trading strategy

Today at 15.00 GMT, the ISM business activity index in the US services sector will be published. The indicator's decline from 59.3 p. to 58.2 p. expected in October, could probably put pressure on the world's reserve currency. Note that the service sector generates 80% of US GDP.


Publication source
EXNESS information  EXNESS reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

OANDA Rating
FBS Rating
Orbex Rating
HYCM Rating
FXCM Rating
FIBO Group Rating

OptionRally Rating
OptionBit Rating
IQ Option Rating
Banc De Binary Rating
Porter Finance Rating
EZTrader Rating