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Forex technical analysis: Dollar gets a boost from the better ISM

Discussion in 'Technical Analysis' started by ForexLive, Jun 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Just when you think.... The regional manufacturing data was not all that hot but the ISM Manufacturing index comes out better and higher than last month at 51.3 vs 50.3 estimate and 50.8 last month. Go figure. Construction spending...if a revision is 1.2% off, what good is it. The month change was horrible at -1.8% vs +0.6%. Car sales look weak to me. In other headlines just out Pimco makes capital preservation "Number one priority". In other words, try not to lose money. They also forecast global era of "insecure stability".

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