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
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 Time) UK Offcial Bank Rate Forecast 0.50% Previous 0.50%
ACTION: GBP/USD BUY 0.75%
The Trade Plan
In the unlikely event BOE hikes rate to 0.75%, we’ll buy GBP/USD immediately on a spike trade. Because of the level of this surprise, I think we’ll see a strong trend change for GBP in the next few weeks, so we should BUY and keep a small portion for larger gains…
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled to release their interest rate decision today and the expectations are to keep both their official bank rates at 0.50% and APF (Asset Purchasing Facility) unchanged. The important focus as usual today will be the accompanying BOE Statement if they decide to release one, and it is customary that BOE will only release a rate statement if there is a change to either the Interest Rate or the APF.
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.
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled to release their interest rate decision today and the expectations are to keep both their official bank rates at 0.50% and APF (Asset Purchasing Facility) unchanged. The important focus as usual today will be the accompanying BOE Statement if they decide to release one, and it is customary that BOE only releases rate statement if there is a change to either the Interest Rate or APF program.
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%…
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled to release their interest rate decision today and the expectations are to keep both their official bank rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound. The important focus as usual today will be the accompanying BOE Statement if they decide to release one, and it is customary that BOE only releases rate statement if there is a change to either the Interest Rate or APF program.
We are also getting the Canadian monthly GDP release at the same time of this release, therefore I'd recommend to stay out of USD/CAD unless you are planning to trade both news together and they happen … [Read More...]
12:30am (NY Time) AU RBA Rate Decision Forecast 3.00% Previous 3.00% ACTION: AUD/USD N/A Reserve Bank of Australia (RBA) is likely to keep its official cash rate unchanged at 3.00% … [Read More...]
4:30am (NY Time) UK Services PMI Forecast 56.7 Previous 56.6 ACTION: GBP/USD BUY 58.7 SELL 54.7 We will be trading the Services … [Read More...]
9:30pm (NY Time) AU Retail Sales m/m Forecast 0.6% Previous -1.4% ACTION: AUD/USD BUY 1.2% SELL -0.1% If we get better release numbers for the Retail … [Read More...]
Today's Retail Sales number will be the first high impact news release out of the UK today, and as retail sales usually makes up a large portion of the GDP number, market should react to this release with … [Read More...]
Today’s Retail Sales number from UK will be widely watched as this is a high impact yet tradable report. Here is the forecast for this release: 4:30am (NY Time) Forecast 0.3% Previous 0.7% ACTION: … [Read More...]
8:30am (NY Time) US NonFarm Payroll Forecast -320K Previous -467K ACTION: USD/JPY BUY -250K SELL -400K Our first focus will be on the Headline Number, which is expected … [Read More...]
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