Forex News Trading and Currency Training Analysis Video
We’ll be trading the US NFP (Nonfarm Payroll) Employment Changes, it is the most volatile news release for the week as traders and their cousins all sit around in front of their PCs preparing to jump in… Here’s the forecast:
8:30am (NY Time) US NFP Forecast -63K Previous -125K
Unemployment Rate Forecast 9.6% Previous 9.5%
ACTION: USD/JPY BUY +1K SELL -140K
8:30am (NY Time) US NFP Forecast -110K Previous 431K
Unemployment Rate Forecast 9.8% Previous 9.7%
ACTION: USD/JPY BUY -30K SELL -180K
We’ll be focusing on the NFP release today, which is expected at -110K as median forecast figure taken from different surveys, and the previous release figure was at +431K. If you remember what took place during last NFP release, market reacted with risk aversion sentiment as the actual figure missed expectation by 90K, causing stronger demand for safe-haven currencies such as the USD and JPY across the board.
8:30am (NY Time) US NFP Forecast 515K Previous 290K
(Unemployment Rate 9.8%)
ACTION: USD/JPY BUY 600K SELL 450K
We’ll be trading the NFP release today, which is expected at +515K with a previous release of 290K. If you remember what took place during last NFP release, market reacted with extreme risk aversion sentiment despite of the surprise NFP release by positive 100K of deviation, and that’s mainly due to the unexpected rise in Unemployment Rate to 9.9% from 9.7%…
8:30m (NY Time) US NFP Forecast 185K Previous -36K
(Unemployment Rate 9.7%)
ACTION: SELL 100K USD/JPY BUY 250K USD/JPY
We’ll be trading the NFP release today, which is expected at +185K with a previous release of -36K. If you remember what took place during last NFP release, market reacted extremely positive for both USD and risk appetite sentiment as the market was originally expecting a much worse release due to the severe weather condition, but instead NFP came out better than expected with also a better release on the Unemployment Rate by 0.1%…
8:30m (NY Time) US NFP Forecast -56K Previous -20K (Unemployment Rate 9.8%)
ACTION: SELL -120K USD/JPY BUY 20K USD/JPY
We’ll be focusing on the NFP release today, which is expected at -56K with a previous release of -20K; if you remember what happened last NFP, you’d know that the market reacted to the NFP with an initial risk appetite sentiment as the Unemployment Rate went down to 9.7% (10.0% expected), but turned into risk aversion as both benchmark revision and actual release figures brought concerns over the recovery (or lack of) in the job’s market…
8:30m (NY Time) US NFP (Nonfarm Payroll) Changes Forecast 10K Previous -85K
(Unemployment Rate 10.0%)
ACTION: EUR/USD SELL -60K USD/JPY SELL 80K EUR/USD
We’ll be trading the NFP release today, which is expected at +10K with a previous release of -85K; if you remember what happened last NFP, you’d know that the last release disappointed the market and kept USD under pressure for the better part of the months as after a revision of November NFP to a positive number, the December release brought back concerns over the rate of economic recovery. At the time of writing this analysis, market is in full risk aversion mode.
8:30m (NY Time) US NFP (Nonfarm Payroll) Changes Forecast -3K Previous -11K (Unemployment Rate 10.1%)
ACTION: EUR/USD BUY -73K SELL 50K
We’ll focus on the NFP release today, which is expected at -3K with a previous release of -11K; if you remember what happened last NFP, you’d know that the last release surprised the market and revived the end of the year USD rally and caused a major trend change by the much better than expected release of -11K from an expectation of -120K. However, in order for USD to maintain its bullish rally well into 2010, it is important that today’s release is either inline with expectation or in the positive territory.
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 … [Read More...]
We'll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here's the forecast: 6:45pm (NY Time) NZ CPI q/q Forecast … [Read More...]
8:30am (NY Time) US Core Retail Sales Forecast 0.4% Previous 0.5% ACTION: USD/JPY BUY 1.0% SELL -0.2% Our focus will be on the Retail Sales release out of U.S. today. … [Read More...]
Here’s the forecast for U.S. Prelim. GDP: 8:30am (NY Time) US Prelim GDP q/q Forecast 1.5% Previous 2.4% ACTION: USD/JPY BUY 1.8% SELL 1.2% The Trade Plan Our main focus tomorrow will be on the … [Read More...]
I recorded this video on Friday demonstrating the power of my Market Cycle method. Honestly I had no plans to trade during this session since we've already made good pips off on the earlier Canadian … [Read More...]
BOE (Bank of England) will be rendering its interest rate decision today, and it should provide strong volatility in the market if BOE's final decision is a surprise, here's the forecast: 7:00am (NY … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference We’ll be focusing on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an official statement from … [Read More...]
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