by Henry Liu on March 31, 2010
10:00am NY Time US ISM Manufacturing PMI Forecast 57.0 Previous 56.5
ACTION: BUY 59.5 SELL 54.0 USD/JPY
We’ll be focusing on the ISM Manufacturing PMI out of US today during the New York Trading session, and our tradable deviation for a is 2.5 points either way for a safe entry. In the event we get a better than expected release, this could fuel the recent risk appetite rally; however, if the release is negative, below or close to the medium 50 level, we could see some minor consolidation resulting more JPY strength (USD/JPY moving down)… Since this is a leading indicator, investors tend to pay more attention to this release for signs of future market directions… And with the NFP scheduled on Friday, this release might have more impact than usual should we get a huge surprise.
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by Henry Liu on March 31, 2010
4:30am (NY Time) UK Manufacturing PMI Forecast 56.8 Previous 56.6
ACTION: GBP/USD BUY 58.8 SELL 54.8
We’ll be focusing on the Manufacturing PMI number from UK today and it’s forecasted at 56.8 and since PMI’s medium point is at 50, this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).
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by Henry Liu on March 30, 2010
8:30am NY Time Canada GDP m/m Forecast 0.5% Previous 0.6%
ACTION: USD/CAD BUY 0.2% SELL 0.8%
We’ll be trading the Canadian GDP release (m/m) today, and GDP is defined (by wikipedia) as:
“the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.”
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by Henry Liu on March 30, 2010
8:15am NY Time US ADP NFP Change Forecast 40K Previous -20K
ACTION: USD/JPY BUY +90K SELL -10K
We’ll be focusing on the ADP NFP Employment Release today and because ADP is the largest private payroll processing provider in the U.S., traders in general pay more attention to this release. ADP releases its version of Non-Farm Payroll numbers about 2 days before the actual NFP based on it’s proprietary private payroll data.
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by Henry Liu on March 29, 2010
Just uploaded a video from the last Friday’s live trading session (3/26/10) with my Mastermind Mentoring class. In this particular session I shared some of the most important principles of my trading system, including the importance of fundamental news, market perception, support/resistance levels, market timing, market cycle, and much much more.
This is an example of what I do almost everyday, and I think in this particular session I was able to pack tons of information in just about 18 minutes. If you like this video, please write your comments below. I’d love to hear from you.
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by Henry Liu on March 29, 2010
8:30pm NY Time AU Retail Sales Forecast 0.3% Previous 1.2%
ACTION: AUD/USD BUY 0.9% SELL -0.3%
We’ll be looking for a possible trade on the Australian Retail Sales m/m release and we are looking for a minimum deviation of 0.6% from the forecast release of 0.3%. If we get a 0.9% (or better) or -0.3% (or worse), we’d get in either on a LONG or SHORT trade depending on the release with a high probability of seeing the market move over 50 pips in the next 2 hours.
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by Henry Liu on March 29, 2010
4:30am (NY Time) UK Revised GDP q/q Forecast 0.3% Previous 0.3%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
We’ll be focusing on the Final GDP q/q from UK, which is also known as the 3rd release for the quarterly GDP of Q4 2009; GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically the indicator of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…
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