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I just wanted to share this video from the Australian CPI q/q release on 7/27, this is a news event that could change the long term trend for the AUD.
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I just wanted to share this video from the Australian CPI q/q release on 7/27, this is a news event that could change the long term trend for the AUD.
Our plan to trade today’s CPI release out of Australia will be to look for opportunities for entry if we get a surprise in this release, here is the current forecast:
9:30pm AU CPI q/q Forecast 1.0% Previous 0.9%
ACTION: AUD/USD BUY 1.2% SELL 0.7%
We’ve got several trades this week that worked out according to my signals. I hope you were able to make some pips, I certainly did
Here are the results:
NEWS TRADING
1. Tue July 20, 2010 9:00am EST (NY Time) CA BOC Overnight Rate- No Trade.
2. Thu July 22, 2010 4:30am EST (NY Time) UK Retail Sales m/m – No Trade
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 16K Previous 26.9K
AU Unemployment Rate Forecast 5.2% Previous 5.2%
ACTION: AUD/USD BUY 46K SELL -14K
RBA (Reserve Bank of Australia) is expected to hold borrowing costs steady for the second consecutive month in July, as a overwhelming 22 analysts unanimously agree as surveyed by Bloomberg… Here’s forecast:
12:30am (NY Time) AU RBA Cash Rate Decision Forecast 4.5% Previous 4.5%
ACTION: AUD/USD BUY 4.75%
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, here’s the forecast:
9:30pm (NY Time) AU Employment Change Forecast 16K Previous 33.7K
ACTION: AUD/USD BUY 45K SELL -15K
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD. Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 0.6% Previous 0.9%
ACTION: AUD/USD BUY 0.9% SELL 0.3%
RBA is going to render its interest rate decision today, and it is a high impact release as all currencies are driven by interest rates. RBA is expected to pause its rate tightening policy during today’s decision, here is the forecast:
10:30pm (NY Time) AU RBA Rate Decision Forecast 4.50% Previous 4.50%
ACTION: AUD/USD BUY 4.75% AUD/USD
My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus on trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.
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