8:30am (NY Time) US PPI m/m Forecast -0.2% Previous 1.8%
ACTION: USD/JPY BUY 2.0% SELL -2.0%
Producer Price Index or PPI, measures the cost for goods and services (raw materials) that producers or manufacturers pay; it is a leading indicator because if these raw material costs more to the manufacturers, the overall prices on the finished products might increase as these higher costs are usually passed down.
In extreme cases, PPI may affect the CPI release. However, since this data has been pretty much ignored by traders for quite a while, I don’t have much expectation for a trade, but just in case market reacts to a huge deviation, if we get that deviation, I’ll jump in the market with hopes to make some pips, so stand by while I record this trade live.
UPDATE: (Official Reason) Since I’ve made 40 pips on the UK CPI release earlier, I decided that I was going to work only 50 minutes today 
, so I skipped this trade… (Real Reason) I overslept :p.
Related posts:
- US FOMC Meeting Minutes 09/02/09
- US CPI m/m 10/15/09
- Daily Forex Market Review 09/28/11
- Forex News Trade US ISM Manufacturing PMI 6/1/11
- UK Retail Sales m/m 08/20/09
- UK Retail Sales m/m 09/17/09
- US Core CPI m/m 09/16/09
- US ADP Non-Farm Payroll Change 09/02/09
- Forex Trading Strategy For ISM Non-Manufacturing PMI 07/06/10
- Libor Rate Decision 09/17/09
{ 3 comments… read them below or add one }
Henry Liu you are such a wonderful person,i have been trading forex for 3years but havent managed to develop a trading technique.The believe that there is more to the market than just ‘simple analysis’ has made it so difficult for me.
You ‘ve totally changed that view now.I am so confident with your analysis (which i combine with little simple technical analysis) that i can comfortably call trades for my friends.You have been an inspiration to me.Thanks.
Henry,
which website do you use to check for speech releases at the time of the release.
thanks for your unmeasurable assistance.
Hi henry,
if the surprise factor for any release is hit, how long can one hold onto the initiated position and what should be the stop-loss value in pips.