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Archive for August 1st, 2012

Trading Diary Aug 1, 2012..Fed Time, plus 31st day of Iran Sanctions.

August 1st, 2012

Well the Global PMI’s are coming out tonight and they are low. Shanghai Comp closed up over hopes that China Govt will add stimulus after the China Govt PMI came out at 50.1%, the HSBC China PMI came out at 49.3%. Germany’s Final PMI came in lower then flash. Eur/USD at 1.2322 and AUD/USD at 1.0529. So EU, UK, France, Germany, China, Spain, etc has a lower PMI…only Ireland had a increase in PMI. But it is Fed day so anything is possible. In the morning the NFP guessing game starts with ADP and Challenger. We also get our PMI.

July 2012