Quotes from Scotiabank:- We’re not looking for a particularly large swing in industrial sentiment when the December ISM manufacturing index lands on January 2. Our forecast is for a very marginal uptick to a reading of 58 as most manufacturing sentiment surveys that we’ve seen for Dec, including the Philly Fed survey, have been on the tame side. – One risk that we would note is that the Philly Fed survey was quite strong in Nov. before falling in Dec. back to its previous (albeit strong) level. As the ISM did not behave similarly in Nov, there is a risk that it may therefore have a surprise in store this month.
The material has been provided by InstaForex Company – www.instaforex.com