Hello folks:
Here are the news releases that we’ll be trading this week. I’ll be sending you a more detailed analysis usually a day ahead of their schedule. Thanks.
- Tue September 7, 2010 12:30am EDT – AU RBA Interest Rate
- Wed September 8, 2010 9:00am EDT – CA BOC Interest Rate
- Wed September 8, 2010 10:00am EDT – CA IVEY PMI
- Wed September 8, 2010 9:30pm EDT – AU Employment Change
- Thu September 9, 2010 7:00am EDT – UK BOE Rate Decision
- Fri September 10, 2010 7:00am EDT – CA Employment Change
And of course, we do have several untradable yet high impact releases scheduled for the week:
- Thu September 9, 2010 8:30am EDT – US & CA Trade Balances – Market seems to ignore this release, therefore it’s better we stay away from them.
- Thu September 9, 2010 8:30am EDT – US Unemployment Claims – Market is getting used to this release and we rarely see any significant push.
- Fri Septermber 10, 2010 4:30am EDT – UK PPI – Even the CPI release out of UK is losing its appeal to move the market, much less the PPI.
***
Looking at the overall market sentiment and the fact that we’ve gotten a nice positive surprise in the US NFP release last Friday, it’s entirely possible that we are staring at the early stage of trend reversal, one that would push USD and JPY lower as concerns over double-dip recession subsides. Some big name analysts are now switching their position and unwinding their USD longs brought upon by the exaggerated demand for safe-haven instruments during the last few weeks as concerns over recession was exacerbated by Bernanke’s dovish stance and the possibility of a second round of stimulus, better known as quantitative easing.
What was changed this week from last week is, time. We now have time to wait and see. Big Ben won’t have to make a decision to start codename QE2 (Quantitative Easing Round 2) yet, and if jobs market shows resilience in recovery, evidenced by the next NFP release (one is a fluke, two could be a trend), Bernanke could very well wait until next year before undertaking such a measure, and the very fact that Feds might be delaying the controversial QE2 program, is in itself a positive message for Risk Appetite.
Therefore, I expect to see some general sentiment moving it that direction this week. Although it is still at early stage of a trend reversal, which by definition is prone to fake moves, I’d advice everyone to watch the development in EURUSD and USDJPY for more taletelling signs.
As far as weekly trends for the week, I am biased towards further risk appetite sentiment, but I do understand there are risks to assume direction this early in the trend reversal stage. Perhaps we should see a more defined market next week so that we can take advantage of it.
Related posts:
- Upcoming Signals Overview (March 21 ~ 25, 2011)
- Upcoming Signals Overview (June 13 ~ June 17, 2011)
- Upcoming High Impact Forex News For December 13 ~ 17, 2010
- Upcoming News Releases Of the Week December 6 ~ 10, 2010
- Upcoming Forex News Trade For the Week of January 3 ~ 7, 2011
- Upcoming Tradable Forex News For January 17 ~ 21, 2011
- Upcoming Forex News Trade Forecast For August 1 ~ 5, 2011
- Upcoming Forex Tradable News – March 28 ~ April 1, 2011
- Upcoming Forex Tradable News for the week of January 10 ~ 14, 2011
- Upcoming Forex News for May 23 ~ 27, 2011
{ 5 comments… read them below or add one }
So day two paper trading the Newsprofiteer meter along with other technicals. I was humming along taking 10-15 pips all morning, ending up +$1900 USD…thinking whata great day.
This afternoon I went back and calculated what would have happened if I just stayed with my first two trades all day.. SELL EURUSD, SELL EURJPY and guess what I would have made like 7X!!!
Henry am I killing myself with this quasi swing/daytrade style?
hi there, there is something wrong with the link i nthe bottom of the page, when i put the email to subscribe it said no email detected.
Please use the one on the top right of the page.
henry liu is a forex guru.follow his advice or die poor
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