forex-scalping.com

The flash PMIs come out in sequence: France at 08:15 London, Germany at 08:30, eurozone at 09:00, then the UK at 09:30. On those mornings EURUSD can change direction several times in the first 90 minutes of London.

What I do:

• I mark the four release times on the chart before the open.
• No new EUR trades in the two minutes before each release.
• I compare the German number with the French one. If both surprise the same way, the move tends to continue into the eurozone figure.
• Services matters more than manufacturing for the euro lately, at least by how the market reacts.

The key lesson for me was not to treat the French number as the main event. It sets an early tone but often gets reversed by Germany.

Is anyone trading the sequence directly? I find it hard to scalp because the windows between releases are short.