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Forex Trade Plan For Canada GDP m/m 08/31/10

August 30, 2010 By Henry Liu 2 Comments

CAD
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We’ll be receiving GDP release from Canada today. Here’s the forecast:

8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.1%
ACTION: USD/CAD BUY -0.1% SELL 0.5%

The Trade Plan
I’ll be looking to BUY USD/CAD if we get a -0.1% or lower release, and SELL USD/CAD if we get a 0.5% or higher… With recent strength risk aversion sentiment driven market and stock market tumbling, a stronger GDP should provide some support for the CAD and I’ll be looking for a Retracement Trade Method for this release.

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Forex Trade Plan For CA Core Retail Sales 08/24/10

August 23, 2010 By Henry Liu 3 Comments

CAD
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We’re getting the Core Retail Sales release from Canada today, and it is a high impact release which may change the short term trend of the market for CAD. Let’s look at the forecast:

Core Retail Sales Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.5% SELL 0.7%

The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.1%, if we get a -0.5% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 0.7% of actual release, I’ll be looking to SELL USD/CAD.

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Forex Trade Plan For CA Core CPI m/m 08/20/10

August 19, 2010 By Henry Liu 6 Comments

CAD
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CPI or Consumer Price Index is the direct measurement of inflation, and it is a high impact release that has long term effects on CAD. It is undoubtedly a high impact release that will be the focus of early NY trading session today. Here is the forecast:

CA Core CPI m/m Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.2% SELL 0.4%

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Forex Trade Plan & Video For Canada Employment Change 08/06/10

August 5, 2010 By Henry Liu 5 Comments

CAD
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We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:

7:00am (NY TIme) CA Employment Change Forecast 14K Previous 93.2K
(Unemployment Rate 7.9%)
ACTION: BUY -15K SELL 45K USD/CAD

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Forex Trade Video & Plan For CA GDP m/m 07/30/10

July 29, 2010 By Henry Liu 3 Comments

CAD
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We’ll be receiving GDP release from Canada today along with US Adv. GDP q/q, I’d suggest to concentrate on the U.S. release first, if there is no trading opportunity there, then come back and look at the Canadian release. Here’s the forecast:

8:30am NY Time Canada GDP m/m Forecast 0.1% Previous 0.0%
ACTION: USD/CAD BUY -0.2% SELL 0.4%

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Forex Plan and Video on CA CPI m/m 07/23/10

July 22, 2010 By Henry Liu 2 Comments

CAD
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CPI or Consumer Price Index is direct measurement of inflation, which is a high impact release that could have long term effect on CAD, it is undoubtedly a high impact release that will be the focus of early NY trading session. Here is the forecast:

CA Core CPI m/m Forecast 0.1% Previous 0.3%
ACTION: USD/CAD BUY -0.2% SELL 0.4%

This is a preview of Forex Plan and Video on CA CPI m/m 07/23/10. Read More...
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Canada Core Retail Sales Trading Strategy & Video 07/22/10

July 21, 2010 By Henry Liu 3 Comments

CAD
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We’re also getting the Core Retail Sales release from Canada today, let’s look at the forecast:

Core Retail Sales Forecast 0.5% Previous -1.2%
ACTION: USD/CAD BUY -0.1% SELL 1.1%

The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.5%, if we get a -0.1% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 1.1% of actual release, I’ll be looking to SELL USD/CAD.

This is a preview of Canada Core Retail Sales Trading Strategy & Video 07/22/10. Read More...
Filed Under: CAD Core Retail Sales, Canada, Forex News Trade Tagged With: , , , , , , , , , , , , , , ,
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