 |
|
|
|||||||||||||||||||||
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:
7:30pm (NY Time) AU Employment Change Forecast 10.0K Previous 10.1K
AU Unemployment Rate Forecast 5.2% Previous 5.2%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
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:
7:30pm (NY Time) AU GDP q/q Forecast 1.2% Previous 1.2%
ACTION: AUD/USD BUY 1.5% SELL 0.9%
RBA (Reserve Bank of Australia) is expected to cut the borrowing costs to 4.25%, as per general market consensus…
Here´s the forecast for this news release:
10:30pm (NY Time) AU RBA Rate Decision Forecast 4.25% Previous 4.50%
ACTION: AUD/USD SELL 4.25% / BUY 4.50%
The Trade Plan
If RBA decides to keep rates unchanged, we will BUY AUDUSD as today’s decision is not based on unanimous consensus… If RBA cuts rates, we should also see a possibility to SELL as the market will be equally surprised.
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:
7:30pm (NY Time) AU Employment Change Forecast 10.0K Previous 20.4K
AU Unemployment Rate Forecast 5.3% Previous 5.2%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged at 4.75%, as per general market consensus…
Here´s the forecast for this news release:
11:30pm (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75%
ACTION: AUD/USD SELL 4.50%
The Trade Plan
If RBA decides to keep rates unchanged, we may still see some volatility as the accompanied RBA statement may be market moving in light of recent event; however, if RBA cuts rates, we should jump in and SELL AUDUSD immediately as the market will be in a shock and start dumping the Aussie.
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:
8:30pm AU CPI q/q Forecast 0.7% Previous 0.9%
ACTION: AUD/USD BUY 1.0% SELL 0.4%
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:
8:30pm (NY Time) AU Employment Change Forecast 10.0K Previous -9.7K
AU Unemployment Rate Forecast 5.3% Previous 5.3%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012) Politics in Europe were the focal point for the markets this week, as the election results in France and Greece added another ... (3,994)
Forex Trading Strategies #3 – The Correct Trend This is part 3 of my 7-part series on trading strategies. Click here for part 2: The Right Timing.
Forex Trading ... (2,143)
Forex Trading Strategies #4 – Support and Resistance This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct ... (2,127)
Forex Trading Strategies #5 – Market Psychology This is a 7-part series on Forex Trading Strategies, Click here for my strategy #4: Support & Resistance
I have given a ... (1,983)
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
The entire financial world will be paying attention to the meeting minutes from the last FOMC meeting where the Federal Reserve ... (1,975)
Forex Trading Strategies #2 – The Right Timing This is part 2 of my 7-part series on trading strategies. Click here for part 1: The Real Reason.
Forex Trading ... (1,962)
US Core CPI – May 15, 2012 – Forex Strategy
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost ... (1,896)
Forex Trading Strategies #1 – The Real Reason I've decided to share some of the thought process that I go through when deciding to take a trade, this is ... (1,736)