It’s Henry Liu here once again with this week’s upcoming tradable releases. As usual, I’ll be posting a more detailed analysis for each of the releases below just a day prior to the scheduled time. So make sure you check back in the Current Forex Trading Signals section.
1. Tue August 24, 2010 8:30am EDT – CA Core Retail Sales
2. Tue August 24, 2010 10:00am EDT – U.S. Existing Home Sales
3. Wed August 25, 2010 10:00am EDT – U.S. New Home Sales
4. Fri August 27, 2010 4:30am EDT – UK Revised GDP q/q
5. Fri August 27, 2010 8:30am EDT – US Prelim GDP q/q
And here are some untradable releases:
- Wed August 25, 2010 8:30am – US Durable Goods – This release has been ignored for the last couple of years.
- Thu August 26, 2010 8:30am – US Unemployment Claims – Once again, this is a weekly report which has been ignored.
Looking at the market this week, this is how the market ended last week:
- EUR lost 0.5% against USD
- GBP lost 0.5% against USD
- CAD lost 0.5% against USD
- AUD remained unchanged
- NZD remained unchanged
- JPY gained 1.0% against USD
- CHF gained 1.5% against USD
Undoubtedly the risk aversion sentiment is likely to continue as market should be selling EUR/USD and possibly pushing it down to the 1.2500 level. As far as higher yield currencies such as AUD and NZD, I believe they will also suffer if the risk aversion sentiment were to continue… Therefore I’d definitely be looking to SELL on any significant up moves…
AUD/USD around the 0.90000 level
EUR/USD around the 1.2850~1.2900 level
With both q/q GDPs from UK and US scheduled on Friday, I believe there might be a chance for some pre-news trading as we get closer to Friday. I’ll be releasing a more detailed analysis in the coming days.
Thanks,
Henry Liu
Related posts:
- Upcoming Forex Tradable News For January 31 ~ February 4, 2011
- Upcoming Forex News Trade Forecast For August 1 ~ 5, 2011
- Upcoming Forex News Trade For August 8 ~ 12, 2011
- Upcoming Tradable Forex News For January 17 ~ 21, 2011
- Upcoming High Impact Forex News For December 13 ~ 17, 2010
- Upcoming Forex Tradable News for the week of January 10 ~ 14, 2011
- Upcoming Forex Tradable News – March 28 ~ April 1, 2011
- Upcoming Signals Overview (June 13 ~ June 17, 2011)
- Upcoming News Releases Of the Week December 6 ~ 10, 2010
- Upcoming Signals Overview (March 21 ~ 25, 2011)
{ 1 comment… read it below or add one }
Hello,
great mentor, i have problem in trading fundamental ?
My problem is that I dont always know the best time to enter the trade after each major tradable news.
Please enlight me more about this, sometimes I use pending order but it does not work because it affect but my buying and selling order, PLEASE ADVISE ME , WHEN IS THE BEST TIME TO TRADE THE NEWS/FUNDAMENTAL?