US Nonfarm Payroll NFP Employment Change 03/05/2010

Posted by Henry Liu on March 4, 2010 under Forex News Trade, US Non-Farm Payroll, USA | 2 Comments to Read

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…

UK BOE Official Bank Rate Decision 03/04/2010

Posted by Henry Liu on March 3, 2010 under Forex News Trade, Great Britain, UK Interest Rate | Be the First to Comment

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 rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound (at least for the time being). The important focus as usual today will be the accompanying BOE Statement if they decide to release one.

US NFP (Nonfarm Payroll) Employment Changes 02/05/10

Posted by Henry Liu on February 4, 2010 under Forex News Trade, US Non-Farm Payroll, USA | Read the First Comment

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.

UK BOE Official Bank Rate Decision 02/04/10

Posted by Henry Liu on February 3, 2010 under Forex News Trade, Great Britain, UK Interest Rate | Be the First to Comment

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 scheduled to release their interest rate decision today and the consensus expectations are to keep current rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound.  The important focus today will be the decision concerning the APF program as it is expected to expire later this month.  If MPC decides to take a “wait and see” stance on the APF, expect to see GBP soaring against other majors as this is a strong message reflecting the recovery of UK’s economy.

US NFP (Nonfarm Payroll) Employment Changes 01/08/10

Posted by Henry Liu on January 7, 2010 under Forex News Trade, US Non-Farm Payroll, USA | 7 Comments to Read

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.

BOE MPC Official Bank Rate Decision 01/07/10

Posted by Henry Liu on January 6, 2010 under Forex News Trade, Great Britain, UK Interest Rate | Be the First to Comment

7:00am (NY Time) UK Offcial Bank Rate Decision  Forecast 0.50%   Previous 0.50%
ACTION: GBP/USD      N/A

Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their interest rate decision today once again for 2010, and consensus expectations are to keep rates at 0.50% and the APF (Asset Purchasing Facility) at 200 Billion Pound,  which are probably no surprise to most traders.  However, the important focus today will be the tentative statement accompanying the rate decision, which may reveal BOE’s future monetary policy.

UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09

Posted by Henry Liu on December 9, 2009 under Forex News Trade, Great Britain, UK Interest Rate | Be the First to Comment

7:00am (NY Time) UK Offcial Bank Rate Decision  Forecast 0.50%   Previous 0.50%
ACTION: GBP/USD      N/A

Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their finalinterest rate decision today for 2010, and consensus expectations are to keep rates at 0.50%, which is no surprise to most traders.  However, the important focus today will be the tentative statement that usually only accompanies BOE rate decision if there is a change, but BOE may just issue a statement regarding their APF program, as it has been much of the focus lately.

US NFP (Nonfarm Payroll) Employment Changes 12/04/09

Posted by Henry Liu on December 4, 2009 under Forex News Trade, US Non-Farm Payroll, USA | 7 Comments to Read

8:30am (NY Time) US NonFarm Payroll  Forecast -120K  Previous -190K
ACTION: USD/JPY           BUY -50K      SELL -200K

We will be trading the NFP release number today, which is expected at -120K with a previous release of -190K; if you remember what happened last NFP, you’d know that the release consensus expectation slightly, but with postive benchmark revisions of last 3 months’ NPF releases, we actually got about +70K of deviation… However, these positive releases from past revisions didn’t really matter to traders as the Unemployment Rate broke above the 10.2%, which brought an immediate risk aversion sentiment as we saw stronger JPY across the board… 

US NFP (Nonfarm Payroll) Employment Changes 11/06/09

Posted by Henry Liu on November 5, 2009 under Forex News Trade, US Non-Farm Payroll, USA | 18 Comments to Read

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8:30am (NY Time) US NonFarm Payroll  Forecast -173K  Previous -263K
ACTION: USD/JPY           BUY -100K      SELL -250K

We will be trading the NFP release number today, which is expected at -173K with a previous release of -263K, which was a disappointment during last NFP release.  We’ll wait for the numbers to come out, but will not take any trade YET, even if we get our tradable figures (-100K or -250K).  We’ll wait for a possible revision to the previous release number, which is once again -263K, as the market usually overreacts with the Revision; chances favor for this trade to work out if we do not get conflicting releases  between the revision and the actual release.