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We’re also getting the Core Retail Sales release from Canada, let’s look at the forecast for this news:
8:30am NY Time Core Retail Sales Forecast 0.0% Previous 1.7%
ACTION: USD/CAD BUY -0.6% SELL 0.6%
Here is a basic plan to trade US Core Retail Sales which is scheduled to be released at exactly 8:30am NY Time, and here are the forecasts:
8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 0.4%
ACTION: USD/JPY (CORE) BUY 0.8% SELL -0.4%
We’re also getting the Core Retail Sales release from Canada today, and with the Core CPI being released just about 90 minutes earlier, it’s important to take the context of the market into consideration before planning for this trade. If we are trading at a support level on a better than expected CPI release, it is possible that market may not move much from this news even if our tradable deviation is hit… With that said, let’s look at the forecast for this news:
Core Retail Sales is another high impact release from Canada today, and with the Core CPI being released just about 90 minutes earlier, it’s important to take the context of the market into consideration before planning for this trade. If we are trading at a support level on a better than expected CPI release, it is possible that market may not move much from this news even if our tradable deviation is hit… With that said, let’s look at the forecast for this news:
Here is a basic plan to trade US Core Retail Sales and Core CPI releases scheduled for tomorrow at exactly 8:30am NY Time. Because of the schedule conflict this week due to early month holidays, we have two high impact releases from U.S. today, and here are the basic forecasts:
8:30am (NY Time) US Core Retail Sales Forecast 0.5% Previous 0.8%
8:30am (NY Time) US Core CPI Forecast 0.1% Previous 0.1%
ACTION: USD/JPY (CORE) BUY +CPI + Retail SELL -CPI -Retail
8:30am (NY Time) US Core Retail Sales Forecast 0.1% Previous 0.6%
8:30am (NY Time) US Retail Sales Forecast -0.1% Previous 0.5%
ACTION: USD/JPY (CORE) BUY 0.7% SELL -0.%
We’ll be focusing on the Core Retail Sales figure out of U.S. today. Since we have both retail sales (healine and core, also know as ex auto) scheduled to be released at exactly 8:30am, we should concentrate on the Core Release as it’s a better picture of the retail activities. However, it’s important to make sure there is no conflict between both releases or we should just stay out of the market until a new direction has been established.
4:45pm (NY Time) NZ CPI q/q Forecast 0.0% Previous 1.3% ACTION: NZD/USD BUY 1.1% SELL 0.5% Our focus will be on the headline CPI number. If we get a better than expected … [Read More...]
2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25% ACTION: USD/JPY BUY 0.50% SELL <0.25% FOMC is going to release its short-term interest rate decision … [Read More...]
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 … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference ACTION: N/A We’ll be concentrating on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an … [Read More...]
4:30am (NY Time) UK CPI y/y Forecast 1.4% Previous 1.8% ACTION: GBP/USD BUY 1.6% SELL 1.2% DEFINITION "CPI, Consumer Price Index, is a statistical estimate of the movement of the prices … [Read More...]
[flv:http://www.newsprofiteer.com/070709-cadivey/070709-cadivey.mp4 480 360] … [Read More...]
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 51.6 Previous 50.6 ACTION: BUY 54.0 SELL 49.0 USD/JPY Today we’ll tradethe ISM Non-Manufacturing PMI, or … [Read More...]
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