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%
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The plan for Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release and then wait for a decent retracement before getting into a trade. Here is the forecast for this release:
10:00am NY Time US Existing Home Sales Forecast 6.17M Previous 5.77M
ACTION: USD/JPY BUY 6.60M SELL 5.80M
The plan for Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release and then wait for a decent retracement before getting into a trade. Here is the forecast for this release:
10:00am NY Time US Existing Home Sales Forecast 5.62M Previous 5.35M
ACTION: USD/JPY BUY 6.00M SELL 5.20M
Our plan to trade today’s CPI release out of Australia will be twofold. First, we’ll look for a possible pre-buying of AUD ahead of this release during early Asian trading session for a possible sentiment trade; and Second, we will look for opportunities to enter the market if we get a surprise in this release, here is the current forecast:
9:30pm AU CPI q/q Forecast 0.9% Previous 0.5%
ACTION: AUD/USD BUY 1.2% SELL 0.6%
Our strategy to trade this Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release, wait for market to spike, and then wait for a decent retracement before getting into a trade. Here is the forecast for this release:
10:00am NY Time US Existing Home Sales Forecast 5.28M Previous 5.02M
ACTION: USD/JPY BUY 5.68M SELL 4.88M
10:00am NY Time US Existing Home Sales Forecast 5.01M Previous 5.05M
ACTION: USD/JPY BUY 5.40M SELL 4.60M
We’ll be looking forward to trade the U.S. Existing Home Sales today, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatility in the market, especially if our tradable figures were hit.
10:00am NY Time US Existing Home Sales Forecast 5.51M Previous 5.45M
ACTION: USD/JPY BUY 5.90M SELL 5.10M
We’ll be focusing on trading the Existing Home Sales today, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatilit,y especially if our tradable figures were hit. Given the fact that this is the last high impact news release of the week, we could expect to see some traders waiting for this release before committing to a trade…
