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Fundamental Analysis: ISM services index
ISM services index (Institute of Supply Management services index, formerly NAPM - National Association of Purchasing Managers) To receive this index managers of the service sector are surveyed. An ISM service index below 50 indicates that the economy is softening. This index value is dependent on psychological factors. It should be noted when analyzing this index. This index increase is favorable for the US Dollar rally.Frequency: at the beginning of each month at 18:00 (Moscow time) a day after ISM index is released. Market importance: Middle.  Analysis: From the end of 2001 this index was in an uptrend. Since 2002 it has been above 50, signifying increase in the service sector. From the middle of 2004 the indicator began to form downtrend. Conclusion: | ||||||||||||||||
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Current situation may be discussed at forum Yours respectfully, Ug The ideas given above are purely informational purpose only. This report was translated by Natalya. Do not reproduce without explicit permission of Alpari Ltd. |
