by Henry Liu on May 4, 2012
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
8:30am (NY Time) CAD Employment Change Forecast 13K Previous 82.3k
Unemployment Rate 7.3%
DEVIATION: 25K (BUY CAD @ 40K / SELL CAD @ -10K)The Trade Plan
The Canadian Employment Change report will be released at 8:30am sharp today (changed from the usual 7:00am). What I am looking for is a minimum deviation of around 25K, or the difference between the Forecast number (13K) versus the actual release number; if we get a positive 40K of release, we should see demand for the CAD rise, therefore we should BUY CAD against weaker currencies at the time; however, if we get a negative deviation, such as -10K or worse, we should see some weakness in the CAD, and that will be my cue to SELL CAD against stronger currencies at the time.
Click on post title above to read the full article.
by Henry Liu on May 4, 2012
BOE (Bank of England) will be rendering its interest rate decision today, and it would provide strong volatility in the market if BOE´s final decision turns out to be a surprise, here´s the forecast:
7:00am (NY Time) UK Official Bank Rate Forecast 0.50% Previous 0.50%
APT (Asset Purchasing Target) Forecast 325B Previous 325B
DEVIATION: 0.25% interest rate / 25B Pound for APT
(BUY GBP @ +0.75% rate / SELL GBP @ +350B APT)
Click on post title above to read the full article.
by Henry Liu on May 4, 2012
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here´s the forecast:
9:30pm (NY Time) AU Employment Change
Forecast -4.2K Previous 44.0K
AU Unemployment Rate
Forecast 5.3% Previous 5.2%
DEVIATION: 25K (BUY AUD @ +20K / SELL AUD @ -30K)
Click on post title above to read the full article.
by Henry Liu on May 3, 2012
by Henry Liu on April 30, 2012
This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct Trend…
Forex Trading Strategies #4 – Support and Resistance
I’m going to take a minute and define what are supports and resistances for those of you that aren’t familiar with the term, you may skip down to the next section if you already know what they are, and as usual, prepare to be surprised at the end because I’ll prove to you how effective this simple strategy is, and the reasons why…
Click on post title above to read the full article.
by Henry Liu on April 28, 2012
Uncertainty once again dominated European headlines this week along with an initial focus shift in the U.S. market away from risk as the prospects for QE3 diminished. However, earnings reports provided much needed positive tone in markets this week, helped global equity indices make steady gains, although outlook remains bleak for various European nations on the political resistance to further austerities.
Click on post title above to read the full article.
by Henry Liu on April 27, 2012
We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 165K Previous 120K
8:30am (NY Time) US Unemployment Rate Forecast 8.2% Previous 8.2%
Deviation: 70K
Click on post title above to read the full article.
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
Forex Trading Strategies #5 – Market Psychology
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
Forex Trading Strategies #2 – The Right Timing
US Core CPI – May 15, 2012 – Forex Strategy
Forex Trading Strategies #1 – The Real Reason